Millicom International Cellular S A (TIGO) Stock Split History

Millicom International Cellular S A has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on February 20, 2003 with the ratio of 1-for-3, meaning that for 3 shares of TIGO owned pre-split, shareholders then owned 1 share. The most recent stock split took place on February 23, 2004 on a 4-for-1 basis.

These actions have increased TIGO stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Millicom International Cellular S A's total market capitalization.

For more detailed information of Millicom International Cellular S A's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Millicom International Cellular S A has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when TIGO stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Millicom International Cellular S A's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.