Magnum Ice Cream Stock Faces Rocky Road Post-Spinoff - The Magnum Ice Cream Co (NYSE:MICC), Unilever (NYSE:UL)

viva.co.id

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Magnum officially debuted on the Amsterdam Stock Exchange following its spin-off from Unilever. This IPO opens a new chapter for the ice cream business, with ambitious growth targets of up to 5%.

rd.nl

Factuality

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Unilever rebounded on Tuesday on the Damrak with a share price gain of 3.4 percent. The food giant had fallen 6.7 percent a day earlier following the IPO of its spun-off ice cream division, The Magnum Ice Cream Company (TMICC), in Amsterdam. Magnum shares fell more than 3 percent on Tuesday to €12.57. Investment bank JPMorgan gave Magnum a neutral rating and a price target of €14 per share. Magnum's opening share price was €12.20 on Monday.