Magnum Ice Cream's Billion-Dollar Debut
Update: 2025-12-08
Description
Magnum Ice Cream, a renowned brand, has recently gone public with a market value of approximately nine billion U.S. dollars. The company, previously owned by Unilever, is seeking new investors, particularly those interested in the snacking industry. Shares opened slightly above their initial price but later dipped slightly. Magnum, which also owns brands like Ben and Jerrys and Cornetto, is targeting investors in the snacking and refreshment sector, aiming beyond the traditional consumer staples segment. The CEO emphasized the potential of ice cream as a stable, year-round investment. The listing, initially planned for November, was delayed due to the U.S. government shutdown.
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