BTS manager Big Hit takes a beating as stock loses more than a fifth

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SEOUL (REUTERS) - Big Hit Entertainment, the management agency of South Korean K-pop group BTS, saw its stock fall as much as 23 per cent on Friday (Oct 16), extending losses from its debut the previous day as pricing eased after pre-listing hype.. Read more at straitstimes.com.

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SEOUL - Big Hit Entertainment, the management agency of South Korean K-pop group BTS, saw its stock fall as much as 23 per cent on Friday , extending losses from its debut the previous day as pricing eased after pre-listing hype.

Analysts said Big Hit's valuation based on its initial public offering price of 135,000 won per share was comparable to peers such as K-pop agencies SM Entertainment and JYP Entertainment. The short-lived surge echoed the strong debuts of SK Biopharmaceuticals in July and Kakao Games last month, as South Korean retail investors known as"ants" capitalise on government economic stimulus which has flooded markets with cash.

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BTS = bankrupt to shit

Hah.. Prolly becos China revolted

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