Magnum Ice Cream Spins Off, Debuts on Market

Magnum Ice Cream Company, the worlds largest ice cream firm, debuted on the stock market this week, opening at €12.20 per share. Despite initial predictions, the companys market value was lower than expected, at around €7.9 billion. The listing was delayed due to a U.S. government shutdown but aims to boost growth and improve profitability. Magnum, which also owns brands like Ben & Jerrys and Cornetto, plans to make its own decisions and increase sales. Some analysts believe the lower valuation was a strategic move to attract long-term investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.