Magnum Ice Cream Hits $9 Billion Market Capitalization in Stock Debut on Amsterdam’s Euronext

Magnum Ice Cream clinched a market capitalization of 7.8 billion euros ($9.08 billion) on its public trading debut, with the Unilever ULVR 0.62%increase; green up pointing triangle spinoff seeking to lure new investors in the snacking category.

Shares in the ice-cream business opened slightly higher than their initial pricing on Amsterdam’s Euronext, before retreating to trade down 0.4% at 12.75 euros a share Monday afternoon. The debut marks the Euronext’s largest listing of the year so far, the exchange said. Magnum also has secondary listings in London and New York.