Australian-created online design and publishing tool Canva is now “bigger than Coles” according to its latest valuation, says Sky News Business Editor Ross Greenwood.
‘Bigger than Coles’: Canva reportedly valued at around $US26 billion
He says it is now bigger than “Suncorp, than Cochlear, Origin Energy, Medibank Private and the ASX”.
“Which is astonishing for a company created barely 11 years ago – to take on the might of Adobe.
“A Bloomberg report now says that a group of early investors and employees are seeking to sell shares – worth around $US1.5 billion.
“It will value Canva at around $US26 billion which if listed on the ASX would easily see it among the top 20 companies.”
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