IPO Alert: Canva Sets Sights on Public Debut in 2027

Canva has officially confirmed its move toward a stock market debut, with plans pointing to a possible initial public offering (IPO) in 2027, following earlier delays dating back to 2025. The decision suggests the company believes its growth story is strong enough to attract investors despite a cautious market.

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The design platform has scaled quickly, combining steady revenue growth with consistent profitability. Still, timing remains a key question as software IPOs continue to face pressure from shifting investor expectations.

Canva’s Growth Remains Strong, but Questions Persist

Canva’s valuation is estimated at around $66 billion, based on annualised revenue of roughly $6.3 billion by late 2025. Its yearly revenue has been climbing fast, rising more than 40% to over $4.7 billion, putting it on par with rival Figma’s FIG -2.64% ▼ growth rate while operating at a much larger scale.

The platform now serves over 260 million monthly users, reflecting steady expansion. However, only a small portion of that base pays for subscriptions, leaving room to improve how it converts users into revenue.

Profitability remains a bright spot, though. Canva has maintained positive free cash flow for eight straight years, supported by solid earnings and disciplined spending. Co-founder Cliff Obrecht highlighted this track record as a sign of long-term stability.

Canva Sees Competition In AI as IPO Looms

The rise of artificial intelligence is reshaping the design space, creating new competition for Canva. Tools from companies such as OpenAI are making it easier for users to generate visual content without traditional design platforms.

In response, Canva has been building out its own AI features, including new tools developed in partnership with Anthropic, and expanding through acquisitions to strengthen its technology.

Even with these efforts, the broader IPO environment remains uncertain. Large upcoming listings from major tech players could draw investor attention away, while some analysts believe many software firms may continue to delay going public until market conditions improve.

Which Big IPO is Coming Soon?

Several private companies in the AI sector are expected to go public in 2026, with the most anticipated IPOs including SpaceX, OpenAI, Anthropic, and Databricks. Canva is rumored to be targeting a listing on Nasdaq (NDAQ) in the U.S. as it continues investing in AI amid evolving market conditions.

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