Jerusalem Venture Partners (JVP) has issued more shares in Sweden’s Qlik Technologies, which has a market capitalization of $2.4 billion, Globes reports. JVP sold shares worth $95 million, giving a return of 50 times its original investment.
Following the transaction, JVP holds 5% of Qlik, worth $119 million. In the past six months, JVP has raised $294 million through the sale of Qlik shares. The total value of JVP’s stake in Qlik, including sales, is $409 million.
Click here for the story from Globes.