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.