Canva completes US$1.58b secondary, closes in on new CFO
Canva has officially completed one of the biggest secondary share sales in global startup history.
Canva has completed the multi-billion dollar sale of shares held by early employees and backers to institutional investors, in one of the biggest 'secondaries' in global startup history.
The Sydney-based design software company is also closing in on appointing a new chief financial officer, with final round interviews for the crucial role taking place over the next couple of weeks.
Three sources familiar with the deal, who spoke on the condition of anonymity, told Capital Brief the sale has been finalised. In total, $US1.58 billion ($2.4 billion) in shares were sold, one of the sources said.
The secondary sale marks a significant liquidity event for the local ecosystem and easily outweighs Atlassian’s IPO nine years ago.
