Sydney’s inner-city suburb Surry Hills will soon be teeming with overnight millionaires after Australia’s biggest software company Canva kicked off a staff share sale at its new $65 billion valuation, saying it is already oversubscribed.
In an email seen by The Australian Financial Review, co-founder and chief operating officer Cliff Obrecht of the Surry Hills-based design software company wrote to staff on Wednesday to outline the terms of the sale.
Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age.
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