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Is Canva Going Public?

Last updated on September 27, 2022 @ 4:59 pm

Canva, the Australian design platform startup, is considering going public. This would make it one of the few tech unicorns to list on a stock exchange outside the United States.

Canva has been one of the few tech success stories to come out of Australia in recent years. Founded in 2012, it has been downloaded over 30 million times and is used by over 10 million people monthly. The company has raised over $US215 million from investors including Sequoia Capital, Felicis Ventures, and Blackbird Ventures.

PRO TIP: Canva is a popular online design platform that allows users to create digital designs for social media, presentations, and more. The company is considering going public, but there are some risks associated with this move.

Investors should be aware that Canva may be subject to increased scrutiny from the public and regulatory authorities if it goes public. There is also the potential for the company to experience higher costs associated with being a public company. Finally, there is the risk that Canva’s growth may slow down if it becomes a public company.

Overall, investors should carefully consider the risks and potential rewards of investing in Canva if it goes public.

Canva’s IPO would be a boost for the Australian tech scene, which has struggled to produce many successful startups in recent years. If Canva does list on the ASX, it would be the first major tech IPO in Australia since Atlassian’s $5.8 billion listing in 2015.

The company is reportedly considering a dual listing on the Nasdaq and the ASX, which would value it at around $US3 billion. Canva has not commente

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.