Cherry set to list shares on Nasdaq Stockholm

Cherry has announced that it intends to apply for listing of its shares on Nasdaq Stockholm in Sweden.

Confirming the move in a statement, the online gaming operator said it expects the listing to go ahead next year.

Cherry also said it is “well prepared” for the listing and that the move will help “increase the possibilities for institutional investors to invest in Cherry’s shares and create conditions of improved liquidity in the share”.

Rolf Åkerlind, chairman of Cherry, added: “A stock market listing on Nasdaq Stockholm gives an extra seal of quality for the company regarding its operation.”

The firm, which will maintain its ticker symbol ‘CHER B’, said its shareholders will not need to take any action in connection with the listing.

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