Canva Begins Share Sale at $42 Billion Valuation in Road to IPO
Employees can sell stock to new and existing investors, including Fidelity Management & Research Co. and JPMorgan Chase & Co.'s asset management arm, Canva said in a statement on Wednesday. The offer boosts Canva's valuation more than 30% — it was valued at $32 billion in 2024.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Info-Tech LIVE IT Conference for the APAC Region Returns to Brisbane, Australia, March 2026
Info-Tech Research Group, a global research and advisory firm, has announced the return of its premier IT conference, Info-Tech LIVE, to Brisbane, Australia, on March 17-18, 2026. Following a highly successful debut in 2025, the event's second annual APAC edition will once again deliver exclusive insights, high-value networking opportunities, and direct engagement with industry-leading analysts and experts, all under the guiding theme, "Transform IT. Transform Everything." TORONTO, Aug. 20, 2025 /PRNewswire/ - Info-Tech Research Group, a global leader in IT research and advisory, has confirmed that its flagship global IT conference, Info-Tech LIVE, will return to Brisbane March 17-18, 2026, for the second consecutive year. Hosted at the iconic W Brisbane, the two-day event will continue to serve as the APAC region's go-to destination for CIOs, senior IT executives, and technology leaders seeking actionable strategies to navigate the exponentially evolving technology landscape. Building on the momentum of the inaugural 2025 event, which brought together hundreds of CIOs and IT professionals from across Australia, New Zealand, and the wider Asia-Pacific, Info-Tech LIVE 2026 in Brisbane will feature a tactical, hands-on agenda designed by experienced industry experts and practitioners. Attendees will gain practical tools and strategies to address real-world challenges, improve IT-business alignment, and prepare their organizations to capitalize on emerging opportunities. "The success of our first Brisbane event showed just how valuable a region-specific forum can be for technology leaders in the Asia-Pacific," says George Khreish, managing partner at Info-Tech Research Group, APAC. "Our return in 2026 is about building on that momentum and providing an even stronger support platform for CIOs and IT leaders in the region to collaborate, gain new perspectives, and leave with practical strategies to drive meaningful change in their organizations." As one of Australia's fastest-growing technology hubs, Brisbane offers a dynamic environment for innovation, making it an ideal location for fostering collaboration and advancing strategic IT priorities in the APAC region. "Info-Tech LIVE in Brisbane has already established itself as a cornerstone event for technology leaders in the region," says Vice President Byron Rudenno of Info-Tech Research Group, APAC. "It's an opportunity to bring the world's best research and global insights directly to our local market, while creating a space for Australian and Asia-Pacific IT leaders to tackle shared challenges with international best practices, exchange ideas, and prepare to lead in an era of exponential technological change reshaping industries." With a continued focus on the theme "Transform IT. Transform Everything," Info-Tech LIVE 2026 in Brisbane will examine the role of IT as the driver of enterprise-wide innovation. Key sessions will cover how exponential technologies can disrupt entire industries and how IT leaders can translate these shifts into tangible business results. The agenda will feature mainstage keynotes, interactive breakouts, lightning rounds on emerging opportunities in the space, and the event's popular one-on-one analyst meetings tailored to attendees' unique priorities. For more information about the event, please visit Info-Tech's LIVE media kit page. Further details on the agenda, keynote speakers, and registration will be announced in the coming months. Follow Info-Tech Research Group on LinkedIn and X for updates. Media Passes for Info-Tech LIVE in Brisbane, March 17-18, 2026Media professionals, including journalists, podcasters, and influencers, are invited to attend Info-Tech LIVE 2026 in Brisbane to gain exclusive access to research, content, and interviews with industry leaders for their audiences. Media professionals can apply for complimentary in-person passes by contacting pr@ About Info-Tech Research Group Info-Tech Research Group is one of the world's leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations. To learn more about Info-Tech's divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights. Media professionals can register for unrestricted access to research across IT, HR, and software, and hundreds of industry analysts through the firm's Media Insiders program. To gain access, contact pr@ View original content to download multimedia: SOURCE Info-Tech Research Group Sign in to access your portfolio
Yahoo
24 minutes ago
- Yahoo
KBRA Assigns Preliminary Ratings to RRE 6 Loan Management DAC (Reset)
LONDON, August 20, 2025--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to five classes of refinancing notes issued by RRE 6 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 6 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP ("RRAM UK" or the"collateral manager"). The CLO originally closed in March 2021. This transaction will reset the terms of the CLO, including the stated maturity, non-call period, reinvestment period, note interest rates and notional balances. Proceeds from the issuance of the new CLO notes will be used to redeem the outstanding notes in full and to purchase new assets. The CLO will have a 4.5-year reinvestment period and a 13-year legal final. The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test. The collateral in RRE 6 Loan Management DAC will mainly consist of broadly syndicated leveraged loans and bonds issued by corporate obligors diversified across sectors. The target portfolio par amount is €400.0 million with exposures to 162 obligors. The obligors in the portfolio have a K-WARF of 2451, which represents a weighted average portfolio assessment of approximately B. RRAM UK is a UK-based subsidiary of Redding Ridge Asset Management LLC, an independent asset management company established and seeded by Apollo Global Credit Management, LLC (Apollo) in 2016 to manage CLOs. The RRAM UK management arm currently manages more than €8.6 billion in assets across nineteen European CLOs. The rating on the Class A-2-R Note considers the timely payment of interest and ultimate payment of principal by the applicable stated maturity date, while the ratings on the Class B-R, C-1-R, C-2-R and D-R Notes consider the ultimate payment of interest and principal by the applicable stated maturity date. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Structured Credit: Structured Credit Global Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union. Information on a credit rating's endorsement status is available on its rating page at Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at There are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and/or Shareholder-Related Companies, as that term is defined in KBRA's Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found here. About KBRA UK Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Kroll Bond Rating Agency UK is located at 1 Connaught Place, 2nd Floor London, England. Doc ID: 1010921 View source version on Contacts Analytical Contacts Gabriele Gramazio, Senior Director (Lead Analyst)+44 20 8148 HyunKyeong Kim, Associate Director+1 Jerry Jurcisin, Director+1 Eric Hudson, Senior Managing Director, Co-Head of Global Structured Credit (Rating Committee Chair)+1 Business Development Contacts Miten Amin, Managing Director+44 20 8148 Mauricio Noé, Co-Head of Europe+44 20 8148 Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
James Hardie stock collapses 35% as US housing slump hits building materials
James Hardie (JHX) stock tumbled 35% on Wednesday as the maker of high-end home siding pointed to a weak US housing market and homeowners reluctant to spend on big projects. The stock, listed in the US and Australia, saw its biggest one-day drop since 1973, according to Bloomberg data. The company's profit declined 28% year over year during its fiscal first quarter. Net sales tumbled 9% over the same period. "Uncertainty is a common thread throughout conversations with customer and contractor partners," CEO Aaron Erter said during the company's earnings call. James Hardie pointed to "softer demand," citing a slowdown in single-family construction activity, especially in the southern part of the US. Read more about James Hardie's stock moves and today's market action. High interest rates have hit virtually every corner of the housing market, resulting in stagnant sales and home starts, and weakness in big projects requiring home equity lines of credit or other loans. "Homeowners are deferring large-ticket remodeling projects like re-siding, and affordability remains the key impediment to improvement in single-family new construction," Erter said. Home improvement retailers Lowe's (LOW) and Home Depot (HD) echoed a similar sentiment, though shares of both companies fared far better following their results this week. "Our customers still tell us that the rate environment is giving them pause on larger remodeling projects that would typically require debt financing," Home Depot CFO Richard McPhail told analysts during the company's earnings call on Tuesday. Lowe's said Wednesday it expects the overall home improvement market to remain flat for the full year. "We're still working through some short-term challenges, including elevated mortgage rates, cautious consumer affordability remains a pressure point that results in the lock-in effect that we've been seeing and also a depressed housing market," Lowe's CFO Brandon Sink said during the company's earnings call. Tariffs have been a central concern for retailers under President Trump's trade policy, but both home improvement retailers have struck an optimistic tone about managing higher costs. Home Depot noted that more than half of its products are sourced domestically and won't be affected by tariffs. Lowe's said about 60% of its goods are US-sourced, with 20% coming from China, representing a significant shift from seven years ago. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
