BTS management agency stock doubles on market debut

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

When BTS said 'this beat cha-ching like money,' they meant it. 😋

Shares in the management agency of K-pop sensation BTS more than doubled on their stock market debut Thursday, October 14, making an instant multi-billionaire of its chairman and boosting the 7 band members' own fortunes.

The IPO price was set at 135,000 won but within minutes of the Kospi exchange opening the stock was trading at 330,000 won, platforms showed. The flotation also boosts the band members' own wealth – Bang gave each of them more than 68,000 shares in August, worth around $8 million at the IPO price and totaling 1.4%of the company."Considering all the information about the firm now available, the IPO price could be the lowest price we will ever see," Park Sung-ho of Yuanta Securities told AFP.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BTS management agency stock doubles on market debutSEOUL, South Korea - Shares in the management agency of K-pop sensation BTS more than doubled on their stock market debut Thursday, making an instant multi-billionaire of its chairman and
Source: inquirerdotnet - 🏆 3. / 86 Read more »

BTS management agency stock doubles on market debutSEOUL, South Korea - Shares in the management agency of K-pop sensation BTS more than doubled on their stock market debut Thursday, making an instant multi-billionaire of its chairman and
Source: inquirerdotnet - 🏆 3. / 86 Read more »