"This round has been significantly oversubscribed, which is a huge testament to the incredible work of our team and the impact Canva is having around the world," Obrecht said. "The overwhelming demand from both new and existing investors is a huge vote of confidence in our momentum and the scale of what still lies ahead."
"In an email written to staff on Wednesday and seen by The Australian Financial Review, Obrecht, who is also the company's chief operating officer, said eligible current and former employees, or "Canvanauts," will be able to sell up to $3 million USD of their vested equity at a price of $1,646.14 USD per share."
"already significantly oversubscribed,"
Canva launched an employee share sale that values the company at $42 billion. Eligible current and former employees, called "Canvanauts," can sell up to $3 million USD of vested equity at $1,646.14 USD per share. The sale is already significantly oversubscribed, reflecting strong investor demand. Canva reported $3.3 billion USD in annualized revenue and 27 million paid users. The funding round was led by Fidelity Management & Research Company, with new investors including J.P. Morgan Asset Management and its funds. The tender increases speculation of a potential IPO within the next year and will make some employees millionaires.
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