K-pop sensation BTS' management company makes stock market debut

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The entertainment company that manages the K-pop sensation BTS, begins trading its shares in South Korea's stock market on Thursday.

"I'm not a BTS fan, but saw the Big Hit Entertainment IPO as an investment chance," Kwon Chanyoung, a high school teacher who placed a bid for the IPO last week, told ABC News."My husband and I were convinced that the company's stocks will soar up after debut in the market, considering BTS' recent success in the record market both in Korea and abroad.

The band, supported by a massive global fan base, has just reached its first No.1 on the U.S. Billboard Hot 100 singles chart by a South Korean group with the song"Dynamite,"Offering about 20% of the company in its IPO, Big Hit Entertainment, led by CEO Bang Si-hyuk, has raised some 962.6 billion won . In the institutional portion of the offer, investors expressed interest in more than 1,000 times the number of shares on offer, according to Reuters' report.

 

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modooborahae BTS are the first artists to own major shares of their own label. That's completely unprecedented and very impressive.

And this is so relevant... 🙄

sisu_sanity

YAWN, MEDIA CREATED MEDIOCRE TALENT !

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