Canva quietly shifted billions of shares ahead of expected US public offering

Canva has quietly made a big change to its corporate structure, adding fuel to the speculation that the Australian tech company is gearing up to go public in the US this year. 

Last year, another big chunk of Australia’s largest privately owned technology company was shifted over to a holding company wholly owned by its US parent company. 

This restructure — which hasn’t been reported on until now — was carried out in late September and disclosed in a corporate document filed in the days leading up to Christmas.

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Moving such a large amount of equity to another corporate structure has a few likely explanations — including preparing for its widely reported plans for an initial public offering (IPO) in 2026. 

Canva did not respond to a request for comment.

Late last year, Canva’s main Australian business, Canva Pty Ltd, filed notice of a change to company details with ASIC. Here’s the document:

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