Magnum Ice Cream debuts on Amsterdam, London, New York stock exchanges
Shares in The Magnum Ice Cream Company (MICC) began trading Monday on Euronext Amsterdam at 9:00 a.m., marking the Dutch ice cream company’s debut as an independent, publicly listed business. Trading also started simultaneously on the London Stock Exchange at 8:00 a.m. London time and on the New York Stock Exchange at 9:30 a.m. New York time.
At the opening bell in Amsterdam, MICC shares were priced at 12.20 euros each. Within 30 minutes of trading, the price had risen to around 13 euros, reflecting initial gains of more than 6 percent. At this price, the company’s market value reached 7.96 billion euros. Meanwhile, shares in parent company Unilever fell over 1.3 percent, trading at 49.23 euros at 9:45 a.m.
The listing follows Magnum Ice Cream’s registration statement filed with the U.S. Securities and Exchange Commission on November 4, 2025, and the publication of its prospectus on December 3. At launch, the company had 612,259,739 ordinary shares outstanding, each with a nominal value of 3.50 euro and one vote per share, with no treasury shares.
Peter ter Kulve, CEO of Magnum Ice Cream, called the day “a proud milestone for everyone associated with the company.” He added, “We became the global leader in ice cream as part of the Unilever family. Now, as an independent listed company, we will be more agile, more focused, and more ambitious than ever.”
Ter Kulve outlined the company’s strategy to grow through innovation, productivity, and reinvestment. “With our iconic brands, world-class capabilities, expert people and the trust of millions of ice cream lovers globally, we aim to lead the frozen snacking revolution, shaping new occasions, innovating new products and fresh ways to delight people around the world, improving the service to our customers and creating value for our shareholders and wider stakeholders. Because life tastes better with ice cream.”
Based in Amsterdam, Magnum Ice Cream was spun off from Unilever’s ice cream division, which includes brands such as Magnum, Cornetto, and Ben & Jerry’s. Investors received one MICC share for every five Unilever shares. Ter Kulve described the stock as simple and accessible, saying, “It is not some complicated tech or crypto.”
He added that building the company took 18 months, transferring 4,500 employees from Unilever and hiring an additional 13,000 to support the newly independent business.
