Magnolia To Issue AIM IPO

July 13, 2015 | The Israeli jewelry company Magnolia Silver Jewelry is set to launch a stock market listing in the UK next month. According to a report in “The Independent”, Magnolia is set to be valued at £30 million ($46.7 million) when it debuts its offering next month on the AIM market. Magnolia hopes to raise £5 million ($7.79 million) in the launch of its ecommerce website and to accelerate its international growth. Founded in Tel Aviv, Magnolia has 150 stores in 5 countries including Israel, Canada, Portugal, Australia and the UK.