Graphic design platform Canva initiates share sale at $42B valuation amid IPO push - report

[Color definer]
DragonImages/iStock via Getty Images

Australia-based Canva has started an employee stock sale that values the company at $42B as of August, marking a 30% increase from its $32B valuation in 2024, _Bloomberg_ reported.

The employees can sell stock to new and existing investors, including major firms like Fidelity Management & Research Company and JPMorgan Chase & Co.'s asset management arm.

“This round has been significantly oversubscribed,” Canva COO and co-founder Cliff Obrecht said, according to the report [https://www.bloomberg.com/news/articles/2025-08-20/canva-begins-share-sale-at-42-billion-valuation-in-road-to-ipo]. “The overwhelming demand from both new and existing investors is a huge vote of confidence in our momentum and the scale of what still lies ahead.”

The graphic design platform provides tools for creating social media graphics, presentations, postcards, promotional merchandise, and websites. It now reports over 240M monthly active users and generates an annualized revenue of approximately $3.3B.

MORE ON MARKETS

* Jackson Hole: The Moment Of Truth For The US Economy [https://seekingalpha.com/article/4815022-jackson-hole-the-moment-of-truth-for-the-us-economy]
* The Government Takeover Of The Chip Business [https://seekingalpha.com/article/4814944-government-takeover-of-chip-business]
* U.S. Residential Construction: Signs Of Stabilization But No Clear Breakout [https://seekingalpha.com/article/4814883-us-residential-construction-signs-of-stabilization-but-no-clear-breakout]
* Individual investors likely to slow stock buys in September – Citadel’s Scott Rubner [https://seekingalpha.com/news/4487170-individual-investors-likely-to-slow-stock-buys-in-september-citadel-s-scott-rubner]
* More speculative, lower quality market segments driving S&P 500's returns since April lows [https://seekingalpha.com/news/4487108-more-speculative-lower-quality-market-segments-driving-s-and-p-500s-returns-since-april-lows]