Kinnevik B, SE0022060521

Kinnevik B stock: Kinnevik CFO buys SEK 4.7 million. Kinnevik B stock shows 42 percent discount

Published on 10/23/2026 at 02:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kinnevik's software companies grew 30 percent in the first nine months of 2026. For Kinnevik B stock, net cash stood at SEK 7.4 billion.

Ownership and valuation signals

Kinnevik's chief financial officer bought shares worth SEK 4.7 million on October 20, 2026.
Kinnevik reported NAV of SEK 29.8 billion for the third quarter of 2026.
Kinnevik B stock had a 42 percent NAV discount at the end of the third quarter of 2026.

Modernes Glasgebäude am Stockholmer Hafen bei Dämmerung, Symbolbild für Kinnevik AB — Kinnevik AB (ISIN SE0015810247) zeigt modernes Bürogebäude am Wasser, symbolisch für schwedische Investment-Holding bei Dämmerung, Illustration mit AI erstellt.

Kinnevik B stock (ISIN SE0022060521) is linked to a SEK 4.7 million share purchase by the company's chief financial officer on October 20, 2026, according to MarketScreener. The transaction followed Kinnevik's third-quarter report, which put net asset value at SEK 29.8 billion on September 30, 2026.

Third-quarter NAV sets the frame

Inderes carried Kinnevik's regulatory report dated October 15, 2026. NAV rose SEK 0.2 billion, or 1 percent, during the third quarter, but declined SEK 6.0 billion, or 17 percent, during the first nine months of 2026.

The portfolio figures show why the holding company's valuation depends on the development of its private investments. During the first nine months of 2026, Kinnevik's Health and Bio companies grew revenue by a weighted average of 33 percent, while their EBITDA margins improved by 4 percentage points. Software companies grew 30 percent and improved EBITDA margins by 11 percentage points.

What does the NAV mean for valuation?

The third-quarter report also showed a net cash position of SEK 7.4 billion and net divestments of SEK 18 million during the quarter. Kinnevik invested mainly in financing rounds for Tandem Health and Enveda, while Cityblock acquired Homeward Health alongside a USD 116 million financing round led by General Catalyst.

The valuation picture remained demanding. Kinnevik B shares ended the third quarter at SEK 62.00, while NAV per share stood at SEK 107.75, producing a 42 percent NAV discount, according to Placera. The gap gives investors a clear measure of how the market values Kinnevik's portfolio against its reported asset base.

Three dated signals for investors

Kinnevik's October 15 report delivered the NAV update. On October 16, Pareto Securities cut its price target from SEK 81.00 to SEK 75.00 while reiterating its Buy rating, according to MarketScreener. On October 20, the chief financial officer's share purchase added an ownership signal to the valuation debate.

Kinnevik is listed on Nasdaq Stockholm under KINV B and operates as a long-term owner of technology-enabled growth companies. Its reported priorities include a more concentrated portfolio and greater exposure to later-stage, profitable businesses.

Stock context for German investors

Kinnevik's latest available Lang and Schwarz quote was EUR 5.84 on October 22, 2026. The reference price is presented only as dated market context because the latest quote predates the publication date, while the Swedish listing closed at SEK 64.90 on October 22, 2026.

The further course of trading is shown by the continuously updated real-time quote of Kinnevik B stock.