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Canva Nears IPO with $42B Valuation as AI Investments Accelerate
Canva Nears IPO with $42B Valuation as AI Investments Accelerate
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BTCCSquare news:
Australian design powerhouse Canva has reached a $42 billion valuation through a staff stock sale, signaling strong institutional interest ahead of a potential 2025 public listing. Fidelity Management expanded its position while JPMorgan Asset Management joined as a new investor in what sources describe as a 'significantly oversubscribed' offering.
The private market momentum comes as Canva aggressively deploys AI features across its 240-million-user platform. Recent text-to-design functionality exemplifies its strategy to maintain dominance against rivals while penetrating enterprise workflows. Annualized revenue of $3.3 billion positions Canva among the largest private software companies eyeing public markets.
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