Aug 12, 2026 – 2.47pmInvestors are seeking to part with shares in tech darling Canva at a steep discount to its $60 billion valuation amid rising concerns about the impact of artificial intelligence.Fund managers this week were offered a parcel of Canva shares at a $US30 billion ($42.5 billion) valuation by North American broker Hiive, according to people with detailed knowledge of the situation. That’s a 28.5 per cent discount to the unicorn’s much-touted $US42 billion price tag from a sell-down arranged by the company this time last year.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Canva’s $60b price tag hit with 29pc discount on secondary market
The discounted private valuation is particularly of note this time of the year when investors are scrutinised by auditors over the valuation ascribed to their unlisted investments.
TL;DRAI
Canva shares trade 28.5% below $60B valuation on secondary market as investors weigh AI disruption risks. The discount signals growing skepticism about generative AI's impact on design SaaS margins, pressuring exit multiples across the category.
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