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Canva Opens Employee Share Sale Led by Fidelity as Company Pegs Valuation at $42 Billion

Strong demand in the staff tender underscores private‑market interest, with some investors marking Canva above the company’s $42 billion figure.

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Overview

  • J.P. Morgan Asset Management joined as a new investor in the Fidelity‑led offer, the company said.
  • Canva described the tender as significantly oversubscribed and did not disclose how many shares are being sold.
  • Some outlets and early backers reported a valuation near $65 billion, creating a notable discrepancy with the company’s stated figure.
  • An internal staff email reported by 9News said employees could sell up to A$4.6 million of vested equity, though the total size of the sale remains undisclosed.
  • Canva reports more than 240 million monthly users, about $3.3 billion in annualised revenue, multi‑year profitability, and heavy usage of its AI tools, as it prepares for a widely anticipated U.S. listing with timing unconfirmed.