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Canva’s Share Sale Values It at $42B as Fundraising Signals IPO Momentum

Canva’s Share Sale Values It at $42B as Fundraising Signals IPO Momentum
Canva, the Australian design software platform, has launched an employee share sale that places its valuation at $42 billion, up from $32 billion just a year ago. Led by Fidelity and joined by new investor JPMorgan Asset Management, the sale is already significantly oversubscribed. Reporting $3.3 billion in annualized revenue and over 240 million monthly users, Canva’s strong performance and investor interest reinforce speculation about an impending public listing.

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