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Fortune
Fortune
Nino Paoli

Canva’s billionaire founders are minting overnight millionaires with employee share sale

Canva Cliff Obrecht Melanie Perkins Fortune IPO Australian Financial Review Figma
Canva cofounders Cliff Obrecht, Cameron Adams and Melanie Perkins pictured from left to right. (Credit: Courtesy of Canva)
  • Some Canva employees will become overnight millionaires after the software maker launched an employee share sale valuing the company at $42 billion this week. The Sydney-based company cofounded by an Australian billionaire couple said it hit $3.3 billion in annualized revenue thanks to 27 million paid users. The tender offer hints at a potential IPO within the next year, experts tell Fortune.

Some past and present Canva employees will soon be overnight millionaires after the design-software maker launched an employee share sale valuing the company at $42 billion this week.

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