Swedish betting firm Cherry AB has announced that they've been granted approval from the Swedish Financial Supervisory Authority to begin offering their stock for sale on the Nasdaq Stockholm Exchange.
The company will sell Class B shares on the exchange in the Mid-Cap segment. Their company will be listed as CHER B, and will offered as of October 18th. To complete the requirements, the company will de-list from the AktieTorget exchange on October 17th.
Speaking about the approval Cherry CEO Anders Holmgren said, "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."
Cherry is an online betting firm that runs a variety of different betting sites in regulated markets. Brands under their umbrella include Cherry Casino, ComeOn, and game designer Yggdrasil Gaming.
Comments
Probably to invest in growing gambling company is one of the wisest thing any of us should think about...do not play...invest 😜
Well said Sharpe it would most certainly work out to be way more profitable in the long run 😂
sharpe