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Canva Shares Sell at Discount as Investors Consider Impact of Artificial Intelligence

Australian Financial Review

ENRICHED

Details

Date Published
12 Aug 2026
Priority Score
1
Australian
Yes
Created
12 Aug 2026, 12:01 pm

Description

The discounted private valuation is particularly of note at this time of the year when investors are scrutinised by auditors over the valuation ascribed to their unlisted investments.

Summary

This article details a significant valuation markdown for the Australian tech company Canva, driven by investor uncertainty regarding the disruptive potential of generative AI. The shift in market sentiment highlights how rapidly advancing frontier AI capabilities can threaten established software-as-a-service (SaaS) business models. While primarily a financial report, it underscores the economic instability and market volatility inherent in the transition to an AI-driven economy. This case serves as an indicator of how private markets are pricing in the risks and competitive pressures posed by foundational AI models to incumbent technology firms.

Body

CompaniesStreet TalkPrint articleSarah Thompson, Kanika Sood and Angira BharadwajAug 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.Loading...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. Email Sarah at sarah.thompson@afr.comKanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.auAngira 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. Email Angira at angira.bharadwaj@nine.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleRead MoreStreet TalkCanvaVenture capitalManaged fundsSee all Street Talk