BTS’ Agency, Big Hit Entertainment, Doubles Shares on IPO Debut

Having been offered at KRW135,000 apiece, shares began trading at KRW270,000. That gives the company a valuation of $8.38 billion and gives agency co-founder Bang Si-hyuk, with a 36% stake, a net worth of over $3 billion.

In recent days, the shares were priced at the top of their suggested range. When the company was being touted to institutions, bids were made for more than 100 times the amount of shares on offer. The retail offering that followed saw individual investors apply for 607 time more shares than the company was selling, though some analysts noted that that was less than the 1,000 time over subscription that the IPO of Kakao Games had enjoyed.

Source: News Formal (newsformal.com)

For the wider, global context in relation to the China issue of this article...please listen to this podcast about global responses to China and where BTS fits in the recent case. Start at 18:32. 7 minutes.

Why is this paragraph not linked to factual resources and data? Implicit bias of fans as lacking intelligence? Yes, fans want to invest in shares; however, expressions of support do not equate to viewing stocks as memorabilia rather than a serious, long-term financial investment.

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This line requires correction - “Each member of BTS, from which the agency earns some 90% of its revenues, had earlier received more than 68,000 shares.” This based on an old stat.

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K-pop group BTS' label Big Hit debuts at double its IPO priceBig Hit Entertainment , the management label of popular South Korean boy band BTS, debuted at double its initial public offering (IPO) price on Thursday as investors scrambled for a piece of the country's largest listing in three years. Where the hell are American boy bands !? This is a disgrace ! Make American Boy Bands great again! Each boy band member is now a CEO of newly created subsidiary boy band labels and will be forming more boy bands. BTS!!! Let's always change and actively communicate with the world. Cheer up.
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Water has become a big issue for Big Tech. But Microsoft has a planMicrosoft will replenish more water than it consumes by 2030. So does build nautical drones for gamers and explorer the waters Stop using untrue scare tactics to garner votes. No-one but your radical left followers are espousing this nonsense.
Source: CNBC - 🏆 12. / 72 Read more »

K-pop group BTS sparks uproar in China over war commentsA group member's remark on promoting US-Korean relations referring to the Korean War provoked attacks from Chinese internet users and state media. What are you politician,historian or singer? Crazy. It just caused by chinese with sensitive hearts.
Source: trtworld - 🏆 101. / 63 Read more »

BTS Faces Uproar In China Over Korean War CommentsChinese nationalists erupted in anger at South Korean boy band BTS after its leader thanked Korean War veterans for their sacrifices. Please id like to say ...Rm's speech was mistranslated. you're only doing this for clout isn't it
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Chinese Nationalists Mad After Boy Band BTS Praises Korean War VeteransChinese internet users and state media took the comments as a slap at Chinese soldiers who fought alongside North Korean forces during their failed attempt to annex South Korea in the 1950-53 war.
Source: HuffPostWomen - 🏆 27. / 68 Read more »