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Canva founders Cliff Obrecht (left), Melanie Perkins and Cameron Adams.

Canva now bigger than Telstra, Woolies

The software powerhouse has made billionaires out of its co-founders, and now some of its “Canvanauts” are set to become instant millionaires thanks to a new share sale.

  • David Swan

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The S&P/ASX 200 Index climbed 6.7 points, or 0.1 per cent, to 7386.2, extending its record high from the previous session.

‘Investors thought all floats go up’: How the IPO boom of late 2020 went bust

Having been wedged shut for most of the coronavirus pandemic, the IPO window blew wide open in September 2020. The results since then haven’t been pretty.

  • Alex Druce and Lucy Battersby
SYDNEY, AUSTRALIA - MARCH 27: L to R Michelle Fox, Damian Scattini (plaintiff), and Michael Mills - grey hair - from Emanuel Urquhart Sullivan. A piece reflecting on class actions space, whether it's about access to justice or just a lawyer's feast. on March 27, 2017 in Sydney, Australia. (Photo by Michele Mossop/Fairfax Media)

‘Puffed up IPO’: Two class action law firms investigating Nuix

Lawyers are investigating whether shareholders had the right information to make informed decisions about investing in Nuix after a revenue downgrade and halved share price.

  • Charlotte Grieve
Queensland coal ships are floating off the Chinese coast.

Dalrymple Bay's $1.3b float sinks amid China fears, growth focus

The hotly-anticipated $1.3 billion float of Queensland’s largest coal export facility has turned sour as investors cool on defensive assets and export outlook.

  • Alex Druce