‘Bigger than Coles’: Canva reportedly valued at around $US26 billion

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. 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.”