BTS have sold some of their shares of HYBE for over US$8million.According to Bloomberg, BTS members J-Hope, Jin and RM recently sold a combined 31,986 shares of HYBE stock, which had netted the trio a total of approximately US$8.4million per regulatory filings.The sale of the shares took place between October 13 and November 9, a week before stock in the entertainment company had peaked at all-time-high on November 16.
At the time, the price was double of the company’s initial public offering (IPO) price from October 2020.Before the IPO, HYBE founder Bang Si-hyuk had reportedly given 478,695 shares – a 1.41% stake in the company that is now worth approximately US$165million – to the group’s seven members, split evenly, per Bloomberg.
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