Millicom (Tigo) reiterates intention to consolidate listing of shares on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm
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Millicom International Cellular S.A. plans to consolidate its share listing on NASDAQ U.S. by delisting its Swedish Depository Receipts (SDRs) from Nasdaq Stockholm. The delisting application will be filed on March 3, 2025.
February 20, 2025 | 3:00 pm
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POSITIVE IMPACT
Millicom's decision to consolidate its listing on NASDAQ U.S. by delisting from Nasdaq Stockholm may have a minor positive impact on NASDAQ's trading volumes.
While the direct impact on NASDAQ's overall operations is limited, the consolidation could slightly increase trading volumes, benefiting NASDAQ.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Millicom plans to consolidate its listing on NASDAQ U.S. by delisting SDRs from Nasdaq Stockholm, potentially increasing focus and liquidity on the U.S. market.
The consolidation of Millicom's listing to NASDAQ U.S. may increase investor focus and liquidity in the U.S. market, potentially benefiting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100