Bang Si city Seoul Entertainment awards classical band Bang Si city Seoul

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

Reading now: 374
variety.com

Patrick Frater Asia Bureau ChiefShares of Big Hit Entertainment, the agency behind K-pop superstars BTS, soared during their stock market debut on Thursday in Seoul.Having been offered at KRW135,000 apiece, shares began trading at KRW270,000.

That gives the company a valuation of $8.38 billion (KRW9.6 trillion) and gives agency co-founder Bang Si-hyuk, with a 36% stake, a net worth of over $3 billion.Each member of BTS, from which the agency earns some 90% of its revenues, had earlier received more than 68,000 shares.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA