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Insects go to the Stock Exchange

Israeli company FlyingSpArk to go public

FlyingSpArk, which produces an alternative form of protein powder from fruit fly larvae and was founded by Eran Gronich, is planning on making an initial public offering on the Tel Aviv Stock Exchange and is planning on raising $6.2 million (NIS 20 M), at a company valuation $30-$37 million (NIS 100-120 M). The funds will be used to establish a production facility in Thailand. Israeli Investment bank...

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EFA News - European Food Agency