The governance of industry games and software supplier Cherry AB has this morning informed that it has gained ‘listings approval’ to migrate its corporate shareholding onto the Stockholm Nasdaq.
Cherry AB now awaits its final review by the Swedish Financial Supervisory Authority, before it can officially become a Stockholm Nasdaq-listed enterprise. The firm has detailed to investors that it expects to begin trading on the Stockholm exchange on Wednesday 18 October.
Migrating its shareholding onto the main Stockholm Nasdaq, Cherry will delist from the smaller ‘mid-cap’ Scandinavian Aktie Torget exchange.
Updating investors and corporate stakeholders, Cherry governance stated that the move onto the main Stockholm Nasdaq would help the firm’s future growth strategy attracting a deeper pool of investors.
Anders Holmgren, CEO of Cherry AB commented on the Stockholm Nasdaq listing: “Cherry is a profitable and rapidly-growing gaming company covering the entire value chain, from technology to consumer. The listing on Nasdaq Stockholm will provide us with increased exposure to the Swedish and the international capital markets,”.
Closing its update, Cherry governance detailed that it would publish a new Stockholm Nasdaq company prospectus on Monday 16 October. Cherry will trade shares on its new exchange maintaining the same company ticker – ‘CHER B’.