Canva Inc., the company behind the popular graphic design platform of the same name, is set to hold a secondary stock sale worth USD 26 billion.
A secondary sale occurs when stock is sold by a company’s shareholders in lieu of the business raising capital on its own. Canva will permit “longtime employees and investors” to sell shares valued at over USD 1 billion, according to the report. The deal is reportedly being negotiated by the company barely six months after a smaller secondary sale was completed.
That deal was also completed at a USD 26 billion valuation, according to The Information. After its most recent funding round, a USD 200 million raise that concluded in 2021, Canva was valued at USD 40 billion.
Read More: Canva reportedly planning $1B+ secondary sale at $26B valuation
For more such updates follow us on Google News TalkCMO News.
