Canva IPO: Will Canva Stock Begin Trading Next Year?

Explore ways to invest in Canva stock before the IPO, now expected in 2025 or 2026. All U.S.-based investors 18+ can own Canva via the Fundrise Innovation Fund for a minimum investment of $10. 

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Recent Canva News

11/20/2024: Canva Hires Ex-Zoom CFO but Hedges on IPO Timing
10/31/2024: Canva valuation leaps to almost $50b
03/27/2024: The Financials Behind Canva
09/20/2023: Fundrise Invests $6.2 Million in Canva
Older news…

About Canva

Canva is a Sydney, Australia-based software-as-a-service (SaaS) platform used for creating graphic designs.

But it’s not for professional graphic designers. Canva is for everybody else. 

Instead of hiring a graphic designer to create images for social media and online businesses, the Canva software provides more than 800,000 templates that users can modify for their needs. 

Standard template sizes are optimized for common photo size formats, such as Pinterest pins, book covers, and Facebook or Instagram posts. 

The software empowers anyone with a computer or smartphone to make professional-looking graphics for any use.

In a modern era of social media, blogs, and videos, Canva’s software provides the design needs for creators to tell their stories. 

The software is easy to use and offers a free version with paid upgrades. Almost anyone can open an account and try it. Once users learn the software, they pay for an upgraded account that supports Canva’s recurring revenue SaaS business model. It is reportedly building up its collaborative capabilities to compete with Figma in the enterprise space. 

“Fueled by the global demand for visual communication”, Canva is a profitable company, boasting 60 million users and $1 billion in annualized recurring revenue. 

Here’s a video introduction to Canva:

Ownership

CEO Melanie Perkins and COO Cliff Obrecht (cofounders and married as of 2021) are each estimated to own sizable amounts of the company, estimated by Forbes in September 2021 to be about 18% each.

A third founder, Cameron Adams, owns about 9%. 

Canva has conducted several private equity funding rounds. The latest, completed in September 2021, raised $200 million, valuing the company at $40 billion. 

Participants in the last round include Franklin Templeton, Sequoia Capital, T. Rowe Price, AirTree Ventures, Greenoaks Capital, Bessemer Venture Partners, Blackbird Ventures, Coatue, ICONIQ, and Dragoneer.

The Fundrise Innovation fund completed an investment in the fund in September 2023. That means all U.S. investors can invest in Canva via the fund.

I own shares of the Fundrise Innovation Fund and, therefore, own Canva stock.

Valuation

The current Canva valuation is about $50 billion.

In October 2024, AFR reported shares traded hands at near $50 billion. 

In August 2023, AFR reported two prominent U.S. venture capital firms, Coatue and ICONIQ, invested at a $39 billion valuation. 

Another confirmed valuation occurred during a $26 billion valuation tender offer in January 2024 at $26 billion. 

IPO Potential

In October 2023, AFR, an Australian financial publication, reported Canva has postponed it IPO plans until 2025 or 2026. But it offered employees and early investors opportunities to cash out in 2023, and may do so more in the future. 

It’s unclear in which jurisdiction (Australia or the U.S.) the company will file for an IPO. 

Bookmark this page to follow along as the company approaches its IPO.

How to Buy Canva Stock Today

You can buy Canva stock today via the first item on our list below.

When the company decides to move forward with an IPO, there may be additional opportunities to invest. 

This guide refers to buying Canva stock in the U.S. (not Australia). 

1. Access shares via pre-IPO investing platforms

The Fundrise Innovation Fund purchased a $6.2 million stake in Canva in September 2023. 

Now, all U.S.-based investors can own a small piece of Canva stock through the fund for a minimum investment of $10. Non-accredited investors are welcome. 

Fundrise created the Innovation Fund to disrupt the venture capital world and bring a lucrative asset class to the masses. 

Read my Fundrise Innovation Fund review to learn more about the pre-IPO portfolio. 

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

Canva direct investment shares may become available if early investors or employees want to cash out before the IPO. This may become more likely if the company raises another fresh round of private equity capital.

The SEC requires pre-IPO investors to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).

A few platforms have evolved to give these individuals a way to fund stock options or liquidate holdings before the IPO.

Check out our list of the best pre-IPO investing platforms for current platforms that may have shares available.

Keep in mind that Canva is an Australian company and operates under local laws, which may impact U.S. availability.

2. Participate in the Canva IPO through a broker

Since the Fundrise Innovation Fund now holds Canva stock, individual investors can own it now and participate in a future IPO. 

Those interested in only investing in the IPO can look to several online brokers that offer free IPO investing to retail investors. 

Here’s a list of the top brokers for IPO investing. 

Large brokers such as Fidelity and Charles Schwab sometimes receive IPO shares but often distribute them to their wealthiest clients. 

However, brokers such as the following sometimes offer retail investors the chance to acquire IPO shares: 

• TradeStation
• Robinhood 

These more retail-friendly brokers now compete for IPO shares. 

If your broker offers IPO access, join the email and text alerts for upcoming IPOs. There are no guarantees you’ll receive shares, but shares may be worth pursuing for some deals. 

3. Buy Canva stock after the IPO

Getting allocations in any IPO is challenging. But investors can own Canva stock well before the IPO via the Fundrise Innovation Fund. 

Other investors must wait to own Canva stock after the IPO. In many cases, the stock IPO rises in early trading and during the days following the IPO. However, prices often fall months after the IPO. 

Therefore, you may find discounted opportunities to own Canva stock after the IPO. 

4. Participate in the Directed Share Program (If Available)

Another possibility (far from a certainty) is a directed share program.

When companies file their S-1 SEC filing (to begin the IPO process), they sometimes include a directed share program for executives, affiliates, and others who helped it grow.

Canva can attribute success to its monthly paying customers. As such, the company may offer IPO shares to customers. 

This has happened before.

Uber offered shares to drivers who completed a certain number of trips.

GoPro offered shares to its email list. 

Airbnb offered IPO shares to hosts. 

Considering Canva’s recurring revenue model and engaged user base, it would be a nice and reasonable perk to offer its customers.

If you’re a paying customer, monitor your Canva emails as the Canva IPO approaches. May get a shot at IPO shares. 

Bookmark this page for more information as the IPO approaches. 

When companies deploy directed share programs, customers will get an email and be asked to open an account with whichever broker got the deal. So unless you already have an account with that broker, you’ll need to open a new account. 

Then, carefully follow the instructions outlined in the communications. If you don’t pay attention, you can miss out on shares. 

Frequently Asked Questions (FAQs)

Is Canva Stock Publicly Traded?

No. Canva is a private company.

What is the Canva Stock Price?

Canva is not publicly traded yet. There will be no public stock price until the Canva IPO or SPAC.

Private stock price information is becoming more available and reliable based on pre-IPO marketplace data and other sources. 

However, the stock price is only the value of one share. Like public companies, the underlying valuation metrics, revenue, profitability, and market sentiment toward private companies are more significant factors than the share price.

What is the Canva Stock Symbol?

If Canva is listed in the U.S., we will not know the Canva stock symbol until it files an S-1 with the SEC. 

For now, we can only speculate on the U.S. Canva ticker. Here are some suggestions:

• CNVA
• CVA
• CANV

Where can I find the Canva S-1 Filing?

The Canva S-1 filing with the SEC is not available yet. If the company chooses to list in the U.S., the S-1 filing will be the first documentation available for financial review. 

Canva News Archive

03/26/2024: Cana acquires Affinity
01/20/2024: Canva Holders Near Expanded $1.5 Billion Sale
01/02/2024: Canva Nears $1 Billion Stock Sale for Employees
12/20/2023: No one can buy Canva now. Other start-ups beware
10/17/2023: Canva won’t list before 2025
08/09/2023: Canva brings in two new investors at $39b valuation
06/02/2023: T. Rowe Price has marked down its stake in Canva by 67.6%
03/23/2023: Supercharging the Visual Suite
03/23/2023: Canva Launches ‘Magic’ AI Tools For Its 125 Million Users
02/09/2023: 8 Lessons From Melanie Perkins Of Canva
10/12/2022: Microsoft launches Designer, its answer to Canva
10/04/2022: Canva founder rejected by 100 VCs; Now worth $26 B
07/26/2022: Blackbird reveals Canva’s $14b plunge in value
06/02/2022: Canva investor Franklin Templeton slashes value of stake
05/30/2022: Ex-Disney CEO Bob Iger takes stake in Australian design company Canva
05/17/2022: Canva Ranked #4 on CNBC’s Disruptor 50 List
03/08/2022: The rise of Canva, the $40 billion design juggernaut
09/15/2021: Canva Announces USD 40 Billion Valuation
04/06/2021: Canva Reaches $15 Billion Valuation
12/11/2019: How A Young Australian Kitesurfer Built A $3.2 Billion (Profitable!) Startup Phenom
07/22/2014: Canva raises an additional $3.6 million in funding, hits 600,000 users

Conclusion

Investors get excited when they identify companies riding extraordinary macroeconomic trends (in this case, visual communication). This can lead us to private companies positioning to profit from massive opportunities. 

Buying the stock early on can often prove difficult for retail investors. But in Canva’s case, investors can own it now via the Fundrise Innovation Fund. 

This gives retail Fundrise investors a leg up when the IPO arrives — we’ll own shares going into the IPO. 

If you decide to pursue IPO shares or direct shares (not via the fund) maintain reasonable expectations. It will be otherwise difficult to acquire Canva stock before or during the Canva IPO. 

Waiting until after the IPO can be a way to buy discounted shares.

If Canva stock is on your acquisition list, good luck. Invest in pre-IPO and IPO companies with caution.

Read more: Largest SaaS Startups

The author is long RIVN, BEN, TROW, and Canva stock via the Fundrise Innovation Fund.