Peter ter Kulve, CEO of The Magnum Ice Cream Co., hits the gong during the listing of The Magnum Ice Cream Co at Euronext Amsterdam. Photo: Bloomberg
Reuters
The Magnum Ice Cream Company has listed with a valuation about €7.8bn below analyst expectations, with some investors unsure its sugar-heavy product can succeed as consumers grow more health-conscious.
The firm, now the world’s largest standalone ice-cream business, made its debut in Amsterdam, weighed down by index funds exiting after the long-awaited spin-off from parent Unilever. The stock was largely flat at around €12.8 a share.
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