Canva Targets $42B IPO in Q3 2026 with $3.3B ARR — Largest Design-Software IPO, Goldman and Morgan Stanley as Leads

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Canva has crossed $3.3B in annualized revenue with 7+ years of sustained profitability, and is targeting a Q3 2026 IPO at a $42B valuation with Goldman Sachs and Morgan Stanley as lead underwriters. A dual NYSE and ASX listing is under consideration. Former Zoom CFO Kelly Steckelberg was hired to navigate the transition. This would be the largest design-software IPO ever and a test case for whether AI-enhanced SaaS tools can sustain premium public-market valuations amid the SaaSpocalypse era.