Canva begins share sale at $42 billion valuation: Report
Australian graphic design platform Canva launched an employee stock sale that values the company at $42 billion, it said on Wednesday, ahead of a reported IPO this year.
The stock sale comes at time when the company is investing heavily in AI tools for its more than 240 million monthly active users.
Employees will be able to sell their shares to both new and existing investors in the funding round led by shareholder Fidelity Management, Canva said. JPMorgan’s asset management division is joining as a new investor.
