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  "documentTitle": "Kinnevik | Results Presentation Deck | 20 slides",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "The scatter plot illustrates the relationship between peer multiple changes and discount adjustments, justifying the firm's valuation methodology.",
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      "kind": "chart",
      "text": "Peer Multiple Changes vs Discount Adjustments",
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      "text": "We seek to reflect the development of public markets... Private markets tend to lag behind public markets... Movements in peer multiples may at times be muted... Material changes in discounts are due to idiosyncrasies... Changes can be informed by peer group amendments.",
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      "text": "Note: Scatter chart shows actual data for a limited set of more late-stage businesses on an LTM revenue basis (which is not necessarily the applied valuation method)",
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      "kind": "title",
      "text": "UNDER CERTAIN CIRCUMSTANCES WE REFLECT PRIVATE MARKET INERTIA RELATIVE TO PUBLIC MARKETS BY MUTING UPWARDS AND DOWNWARDS PEER MOVEMENTS",
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