Investment AB Kinnevik ("Kinnevik") today announced that the fair value of its
holding in Groupon Inc. has increased following the listing of Groupon shares on
NASDAQ in New York on Friday 4 November.
Kinnevik has a direct holding in Groupon amounting to 8,377,156 shares. In
addition, Rocket Internet, in which Kinnevik owns 25% after all its warrants
have been exercised, holds 39,168,960 shares in Groupon.
Based on Friday's closing price of USD 26.11 per Groupon share, Kinnevik's Net
Asset Value has increased by SEK 2,139 m compared to the fair value reported
under Rocket Internet and portfolio companies on 30 September 2011. Out of the
increase, SEK 986 m relates to Kinnevik's direct shareholding in Groupon and SEK
1,153 m to Kinnevik's holding in Rocket Internet.
For further information on the Groupon listing please visit
For further information, visit www.kinnevik.seor contact:
Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik was founded in 1936 and thus embodies more than seventy years of
entrepreneurship under the same group of principal owners. Kinnevik's objective
is to increase shareholder value, primarily through net asset value growth. The
company's holdings of growth companies are focused around seven comprehensive
business sectors; Paper & Packaging, Telecom & Services, Media, Online, Micro
financing, Agriculture and Renewable energy. Kinnevik has a long history of
investing in emerging markets which has resulted in a considerable exposure to
consumer sectors in these markets. Kinnevik plays an active role on the Boards
of its holdings.
The Kinnevik's class A and class B shares are listed on the NASDAQ OMX
Stockholm's list for large cap companies, within the financial and real estate
sector. The ticker codes are KINV A and KINV B.
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Source: Kinnevik via Thomson Reuters ONE