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K-Pop band BTS became multi-millionaires minutes after their record label's hit IPO doubled on its stock market debut | Markets Insider

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K-Pop band BTS became multi-millionaires minutes after their record label's hit IPO doubled on its stock market debut

initial public offering price, lifting the company's market value to 10 trillion won on a fully diluted basis.Kospi indexBig Hit, headed by chief executive Bang Si-Hyuk, has seen an influx of investor orders thanks to the global star power of the celebrated boy band, despite COVID-19 disrupting the live-music and entertainment industry this year.this week.

Scores of individual investors rushed to secure at least one share of their favorite K-pop band, betting that the record label going public would be a smash hit. "I waited until 2 pm this afternoon to subscribe, because I wanted to choose the arranger with less competition for bidding," Oh Sang-min, a 32-year-old retail worker who placed bids worth 100 million won after taking a loan, told

 

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K-pop sensation BTS' management company makes stock market debutThe entertainment company that manages the K-pop sensation BTS, begins trading its shares in South Korea's stock market on Thursday. YAWN, MEDIA CREATED MEDIOCRE TALENT ! sisu_sanity And this is so relevant... 🙄
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