Overview

• Fidelity leads the tender offer with J.P. Morgan Asset Management joining as a new investor, setting the record valuation.
• Current and former staff can sell equity in the offer, which Cliff Obrecht described as significantly oversubscribed.
• The $65 billion price tag places Canva above Australian giants Telstra, Woodside and Woolworths by market value comparison.
• Canva reports eight years of profitability, about US$3.3 billion in annual revenue and more than 240 million monthly users.
• The company has expanded into generative AI through deals including Leonardo.ai and MagicBrief, with AI tools used over 20 billion times, while a new Delaware parent structure has raised staff concerns over looming Australian tax bills.