Design software giant Canva has finalised the first tranche of a share sale it has signalled will reach $3.6 billion, making more of its early staff rich and rewarding investors who had faith in it as a nascent start-up.
The sale was finalised last month at a flat valuation of $US26 billion ($39.4 billion) for the company, with buyers wanting $US2.4 billion ($3.6 billion) in shares but purchasing about $US1.6 billion ($2.4 billion) in that tranche.
Loading...
Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
