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  PRIVILEGED AND CONFIDENTIAL

July 26, 2023

Via Edgar

U.S. Securities and Exchange Commission

Division of Corporation Finance

Office of Industrial Application and Services

100 F Street, N.E.

Washington, D.C. 20549

Attention: Al Pavot and Jeanne Baker

Re: Olink Holding AB (publ)

Annual Report on Form 20-F

Filed March 27, 2023

File No. 1-40277

Ladies and Gentlemen:

This letter sets forth the
response of Olink Holding AB (publ) (the “Company,” “Olink” or “we”) to the comment of the staff of
the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”)
set forth in your letter dated July 13, 2023, with respect to the Company’s Annual Report on Form 20-F filed with the Commission
on March 27, 2023 (the “Form 20-F”).

The text of the Staff’s
comment has been included in this letter for your convenience, and the Company’s response to the comment has been provided immediately
thereafter.

Annual Report on Form 20-F

ltem 16C. Principal Accountant Fees and
Services, page 114

 1. We note your disclosure that non-audit services provided by Ernst & Young AB in 2022 mainly refers
to services assistance for Olink Insight. For both fiscal year 2022 and 2021, please describe for us in more detail the nature of the
non-audit services provided by Ernst & Young AB. Address the facts and circumstances considered in the evaluation of S-X Rule 2-01(c)(4),
including whether or not your auditor was involved in designing or implementing a hardware or software system that aggregates source data
underlying the financial statements or generates information that would place the accountant in the position of auditing his or her own
work.

Company
Response

We note the Staff’s comment and provide
the following response:

For reference, we have included the relevant excerpt
of Item 16C from the Form 20-F.

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES

We retained Ernst & Young AB (EY) as our independent
registered public accounting firm for 2022. Set forth below is a summary of the fees paid to Ernst & Young AB for services provided
in fiscal year 2022 and 2021.

    Amounts in thousands of USD
    Fiscal Year

2022
    Fiscal Year

2021

    Audit fees
    $ 718
    $ -

    Audit-related fees
      154
      241

    All other fees
      511
      405

    Tax fees
      31
      -

    Total remuneration Ernst & Young AB
    $ 1,414
    $ 646

All other fees in fiscal year 2022, in above summary,
mainly refers to services assistance for Olink Insight.

For 2021 Öhrlings PricewaterhouseCoopers
AB was our independent registered public accounting firm. Set forth below is a summary of the fees paid to Öhrlings PricewaterhouseCoopers
AB for services provided in fiscal year 2022 and 2021.

On April 7, 2022, Ernst & Young AB
(together with its associated entities, “EY”) was appointed as the Company’s independent registered public accounting firm for
the year ended December 31, 2022. EY did not serve as our auditor for the year ended December 31, 2021.

For 2022, the “All other fees”
totaling $511,000 included approximately $270,000 of fees for reviews of our interim financial statements under PCAOB standards and
comfort letter services provided by EY. Upon further review, we believe these would have been more appropriately presented as “Audit
fees,” and we will present them as such in future filings. The remaining “All other fees” in 2022 of approximately $241,000 related
to consulting services provided by EY surrounding the Olink Insight portal.

Olink Insight was launched in October 2022 to
address the complex challenges of proteomic data analysis, introducing a new, modern and user-friendly interface to explore Olink® NPX™
data. Olink Insight is an open source platform, used as a scientific collaboration tool which will help to deliver
on the urgent scientific questions asked by the community.

The platform does not aggregate source data
underlying the financial statements, and does not generate any information that is included in the financial statements or internal
controls, or interface with financial reporting systems. Olink Insight is free to use. Customers are able to Indicate interest in
the Olink Flex product through the panel selection feature in Olink Insight. This feature will generate an email that is sent to an email.

The Company conceived and developed Olink Insight to create an accessible source of proteomics data and knowledge for the scientific community.
The Company led the development of Olink Insight and controls all aspects of its design and operation. EY’s role was to share advice and
recommendations on development of the platform, as well as user experience. EY provided software design and development options to management
for its consideration, with management taking full responsibility for which options, if any, to implement. As part of developing the platform,
Olink considered and adopted certain of EY’s options and rejected others.

The platform as designed does not and will
not aggregate source data underlying the financial statements, generate any information that is included in the financial statements
or internal controls, or interface with financial reporting systems as provided in Rule 2-01(c)(4)(ii). The platform does not
produce information that would be subject to testing as part of EY’s audit. EY did not perform management activities or make
management decisions in providing these services, nor did it involve operating or supervising the operation of the platform. The engagement did not include any activities related to co-branding or joint
go-to-market activities with EY.

EY also provided consulting services related to
Olink Insight during fiscal year 2021 consistent with the services as described above for fiscal year 2022. Fees for these services provided
in fiscal year 2021 were approximately $346,000.

During fiscal year 2021, EY also provided consulting
services related to a project named Olink Speculative Futures, with related fees of approximately $58,000. Under management direction,
EY assisted in conducting research about the future of Proteomics, and provided feedback on client-prepared marketing materials for management
consideration and for management to decide which actions, if any, to pursue. This consulting service ended in November 2021 prior to the
commencement of EY’s audit and professional engagement period related to the fiscal year 2022 financial statements.

As described in our Annual
Report on Form 20-F, our Audit Committee has adopted policies and procedures for the pre-approval of all audit and non-audit services
and the terms thereof to be provided to the Company by the independent auditors. The Audit Committee considered the permissibility under
the SEC and PCAOB independence rules, including the SEC’s general standard for auditor independence, of all of the services provided
by EY during the audit and professional engagement period as auditors, including the services described above, and determined that such
above-described services and fee arrangements did not and would not adversely affect the independence of EY as our independent
registered public accounting firm and did not, and would not, place EY in the position of auditing its own work.

We hope that the foregoing
has been responsive to the Staff’s comments. If you have any questions related to this letter, please contact me at +46 (0) 733502932.

    Sincerely,

    /s/ Oskar Hjelm

    Oskar Hjelm

    Chief Financial Officer

cc:        Roger Bivans, Baker & McKenzie LLP