Canva

Franklin Templeton's Growth Opportunities Fund has cut the value of the 11,829 shares it bought from A$28.2 million to A$18.7 million, effectively valuing the ...

Franklin Templeton is the only Canva investor to have so far written down its recent round investment in the company by such a significant amount. The US tech stock sell-off has seen an investor in Canva’s most recent raising round cut the value of its shares by one-third, which suggests a huge market correction. The fund revealed its 33.5 per cent paper loss in a March 24 filing with the US corporate regulator.