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Magnum Ice Cream Company debuted on the Amsterdam stock exchange on Monday, completing its long-awaited spinoff from Unilever as it looks to reinvigorate growth amid challenges from health-conscious consumers and high-profile public spats with Ben & Jerry's.

The stock opened at 12.20 euros, slightly below its reference share price of 12.80 euros. It was last trading at 12.87 euros as of 10:30 a.m. London time, giving it a market capitalization of about 7.9 billion euros ($9.2 billion). Secondary listings are also taking place in London and New York.

"We became the global leader in ice cream as part of the Unilever family," CEO Peter ter Kulve said. "Now, as an independent listed company, we will be more agile,

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