Kinnevik owns 13.15% of Rocket Internet after capital increase
Following Rocket Internet's announcement of an additional capital raise of EUR 589m or 7.8% of the equity through a private placement to a limited number of international institutional investors, Kinnevik ownership of 21,716,964 shares correspond to 13.15% of capital and votes in Rocket Internet.
The share price in the equity raise was 49 EUR per share. At this share price, Rocket Internet's value in the Kinnevik Net Asset Value amount to SEK 10,140m[1] compared to SEK 10,620m in the year-end report.
Reminder
Rocket Int placed 12,010,224 new shares @ €49, proceeds to be used to pursue strategic growth.