share sales Archives

ASX

WiseTech shares plunge after police raid over founder Richard White’s share sales

Simon Thomsen - October 28, 2025 3 MIN READ

Officials from corporate regulator the Australian Securities and Investments Commission (ASIC) and Australian Federal Police officers raided the headquarters of ASX-listed WiseTech Global on Monday over concerns about share sales by founder Richard White and three others. WiseTech (ASX: WTC) shares fell more than 16% to around $71 in opening trade on Tuesday morning after… Read more »

Business

Canva’s plotting another $773m share sale at a higher $56 billion valuation – and becoming a US company is one reason why former employees may need to sell

Simon Thomsen - June 27, 2025 4 MIN READ

News emerged this week that Canva was looking at another secondary share sale, worth up to US$500 million (A$762m) with its valuation increasing by more than 15% to US$37 billion (A$56.2bn). It seem surprising with a US listing on the Nasdaq expected as soon as 2026. But in breaking the news The Information reported that… Read more »

Business

e-commerce platform Rokt hits $5.6 billion valuation after secondary share sale

Simon Thomsen - January 19, 2025 3 MIN READ

Investors keen to climb about the success of ecommerce unicorn Rokt have shelled out US$335 million (A$510m) to acquire existing shares as the business gears up for an IPO in 2026. The sales values the privately owned New York-based Australian-founded scaleup at US$3.5 billion (A$5.6bn), up from $US2.4 billion (A$3.5bn) in late 2022 when $750… Read more »