Shares of Big Hit Entertainment (KRX: 352820), a company which manages the global pop band sensation BTS, made its market debut this week. The management decided to offer 20% of the company to the public.
Big Hit share price opened at 270,000 won ($236.50 per share), a price that is two times higher than 135,000 won ($118.25) offered to investors last month.
During the first trading day, Big Hit stock price exploded about 160% to 351,000 won ($307.00). BTS generates nearly 90% of revenue for Big Hit.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
“Big Hit’s reliance on BTS is still absolute when including non-management, indirect sales such as merchandise, intellectual property and content,” said Kim Hyun-Yong, an analyst at Hyundai Motor Securities.
“It must make all-out efforts to create a post-BTS revenue source.”
However, shares corrected lower almost 45% to 200,500 ($175.60) on Friday on profit-taking.
PEOPLE WHO READ THIS ALSO VIEWED:
