Cherry given green light for Nasdaq Stockholm listing
Operator to be delisted from AktieTorget and commence trading on Stockholm exchange later this month
Cherry AB will commence trading on Nasdaq Stockholm later this month, after having its listing approved by the Swedish stock exchange’s committee.
The operator will cease trading on the independent exchange AktieTorget on 17 October, after which it will transfer its shares onto the Nasdaq exchange.
“Cherry is a profitable and rapidly-growing gaming company covering the entire value chain, from technology to consumer,” Cherry CEO Anders Holmgren said.
“The listing on Nasdaq Stockholm will provide us with increased exposure to the Swedish and the international capital markets.”
Cherry first announced its plans to list on Nasdaq Stockholm in December 2015, and has since acquired the remaining shares of its online gaming arm ComeOn.
Holmgren previously told EGR the listing would reveal further growth opportunities and drive momentum for the firm to take the number one spot in the Nordics.
A statement released by Cherry said the firm would not be issuing new shares for the moment.