Motive calls off IPO, leaving Unic-Tech waiting for its first big exit...

Motive, a fleet management company, withdrew its planned New York IPO after raising $1.3 billion in private funding. The decision delays a potential liquidity event for Unic-Tech, a Tel Aviv-listed R&D partnership whose market value has dropped from NIS 26.5 million at IPO to less than NIS 5 million.

Unic-Tech now waits for its first major exit amid the broader impact on its holdings.