Kinnevik’s sale of Rocket Internet Stake earns 90%+ IRR

Having sold a significant proportion of its stake in Rocket Internet in late February this year, Swedish investment firm Kinnevik AB sold its remaining 6.6% shareholding in the publicly-listed internet investor, earning gross proceeds of 217 million euros.

The transaction caps a very successful investment for Kinnevik, returning an IRR of more than 90% on its 155 million euro investment through a combination of dividend and divestment proceeds. In the five years preceding Rocket Internet’s IPO in 2014, Kinnevik received a total of 510 million euros in cash and stock dividends and realized a further 426 million euros in total from the sale of its stake.

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