One of Australia's largest tech firms, Canva is expected to IPO in 2026, though no filings or official date have come out as of Feb 1, 2026. However, Blackbird, a venture capital firm, has told limited partners to expect an IPO in the second half of this year. The company, which generated roughly $3.5 Billion in revenue in 2025 was valued at $42 Billion in a secondary sale in August of last year, and has not announced an IPO valuation. In previous years, stock sales have been advised by Goldman Sachs and Morgan Stnaley, indicating that these two firms could serve as bookrunners in the firm’s IPO. 

Canva’s rise is often misread as a story of simplicity beating complexity in the field of software. However, the reality is closer to a story about market expansion. Canva did not win by prying professional designers away from Adobe. It won by targeting people who were never going to learn Photoshop in the first place. Most visual work today, such as social media advertisements and logos, is produced by non-designers working on a strict timeframe. Canva turned this reality into a business by making design feel less like art and more like writing a legal document.