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  "documentTitle": "Kinnevik | Results Presentation Deck | 16 slides",
  "authorId": "kinnevik",
  "authorName": "Kinnevik",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "The slide uses a clover-like graphic to organize 8 key metrics related to market cooling.",
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      "kind": "list",
      "text": "Private markets are now being brought in line with public markets. IPOs, SPACs and de-SPACs have cooled down materially. There is a flight to quality. Fundraising is down materially. Many companies have huge cash balances. Valuation wedges exist.",
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      "text": "(24)%\nIPO ETF\nQ1 2022",
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      "text": "<(80)%\n# of US IPOs Priced\n2022 vs 2021 YTD",
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      "text": ">50bn\nSEK Raised\nKinnevik Investees in 2021",
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      "text": "(27)%\nDe-SPAC ETF\nQ1 2022",
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      "text": ">8bn\nSEK Net Cash\nKinnevik PF Dividends",
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      "text": "(65)%\nAnnounced SPAC Deals\nQ1 2022 vs Q1 2021",
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      "text": "(30)%\nDrop in >USD 100m Rounds\nQ1 2022 vs Q1 2021",
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      "kind": "metric",
      "text": "(19)%\nGlobal VC Deal Volume\nQ1 2022 vs Q1 2021",
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      "kind": "source-note",
      "text": "Source: FactSet, LionTree, Renaissance Capital, Forge Global, Pitchbook, Carta, CB Insights, Numis, SEC",
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      "text": "PRIVATE AND PUBLIC MARKET VALUATIONS ARE BEING RECONCILED, BUT THERE IS STILL SIGNIFICANT AMOUNTS OF DRY POWDER IN THE SYSTEM",
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      "text": "Private and Public Markets\nWhat's Unfolding in 2022",
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