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Canva Launches Employee Share Sale at $42 Billion Valuation

Investor demand for the tender was described as significantly oversubscribed.

Canva cofounders Cliff Obrecht, Cameron Adams and Melanie Perkins from left to right. The design software company was recently valued at $42 billion.

Overview

  • Eligible current and former staff can sell up to $3 million of vested equity at $1,646.14 per share, providing early liquidity that some reports say will mint new millionaires.
  • Fidelity led the investor-led offer, with participation from J.P. Morgan Asset Management and affiliated funds U.S. Equity Group and Growth Equity Partners.
  • Canva reported $3.3 billion in annualized revenue, 240 million monthly active users, and 27 million paying users.
  • Industry experts quoted by Fortune view the tender as a common pre-IPO step and suggest a potential public listing in 2026.
  • Founders Melanie Perkins and Cliff Obrecht have pledged to transfer more than 80% of their stake to the Canva Foundation for charitable causes.