Good evening,

One of Australia’s most successful start-ups, graphic design software business Canva, is preparing to test its $US32 billion ($49 billion) valuation in a deal that is widely expected to be its last share sale as a privately held company.

Street Talk can reveal that Canva’s founders, Melanie Perkins, Cliff Obrecht and Cameron Adams, are discussing a secondary sell-down with a few key shareholders. Sources said Canva would facilitate the share sale on behalf of early employees before Christmas, but it is early days, and it is yet to finalise the deal size or brief the wider shareholder register.

A Canva spokesperson declined to comment on the specifics.

Read the full article: Canva prepares secondary share sale after last year’s $US1.6 billion bonanza

Read the full story tomorrow and more on the Street Talk page.

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Business Automation Works, a Geelong-based provider of automation tools for accountants, is hunting for a partner to fund its next leg of growth.

On offer is a majority interest in the company, which is forecast to deliver $13.6 million in annual recurring revenue and $7.7 million earnings this financial year.

The Australian sharemarket finished lower on Tuesday after swinging between gains and losses after US President Donald Trump called for the evacuation of Tehran in a social media post that jolted markets in Asian trading.

Click here for the latest equity market wrap.