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What Canva’s raise tells us about its IPO plans

Anthony Macdonald and Yolanda Redrup
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If graphic design software company Canva’s capital raise tells us anything, it’s that it’s not going public for at least a year.

On Wednesday, the local tech giant announced a fresh $US200 million funding round, valuing it at an astounding $US40 billion ($55 billion) valuation.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
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Original URL: https://www.afr.com/link/follow-20180101-p58rqt