Magnum Ice Cream debuts strongly after Unilever-derived company is valued at US$ 9 billion.

Shares of Magnum Ice Cream Company traded higher on their debut at the Amsterdam Stock Exchange on Monday, 8, with the initial share price implying a market capitalization of 7.93 billion euros (US$ 9.24 billion) for the company derived from the spin-off of Unilever. "Today is a milestone of pride for everyone associated with TMICC. We became global leaders in ice cream as part of the Unilever family. Now, as an independent publicly traded company, we will be more agile, more focused, and more ambitious than ever," stated Magnum's CEO, Peter ter Kulve. Ordinary shares of Magnum Ice Cream Company (TMICC) were admitted for trading on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange, according to the company. In Amsterdam, shares were up 0.67% near 6:56 a.m. (Brasília time).