Canva Holders Are Said to Near Expanded $1.5 Billion Share Sale

Australian software company Canva Inc. is close to completing a share sale that’s set to raise more than $1.5 billion, according to people familiar with the matter.

The share sale by a group of investors including current and former employees of the privately held firm would value the company at around $26 billion, the people said, roughly the same as in its previous round. Canva is working with Goldman Sachs Group Inc. on the round, though it’s not raising new capital, they said.

Canva generated more than $2 billion in annualized revenue in 2023, the people said, asking not to ...