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News  ›  Benzinga

Magnum Ice Cream Stock Faces Rocky Road Post-IPO

Benzinga Logo Benzinga By Erica Kollmann
Magnum Ice Cream Stock Faces Rocky Road Post-IPO

Magnum Ice Cream Co. debuted on NYSE with a stock price lower than expected, facing selling pressure from institutional investors and uncertainty about future dividends.

Insights
MICC   negative

Stock opened below expectations, facing immediate selling pressure, and announced no dividends until 2027