BTS' net worth set to soar as shares of their label Big Hit doubles its IPO price

Bangtan Boys is a popular band from South Korea which is immensely popular throughout world. band consists of 7 members namely RM, Jin, Suga, J-Hope, Jimin, V, and Jungkook. band members me millions of dollars as ir company Big Hit Entertainment opened with double IPO price.

Latest IPO surge for Big Hit Entertainment

shares of K pop ncy Big Hit Entertainment Co. doubled on first day of tring and boosted fortunes of its billionaire founder. It also increased wealth of seven multimillionaire members of BTS boy band that has billions of fan followers. Most of money inflow in company was from pop sensation and it opened at 2,70,000 won (over INR 17 thousand), as reported by Bloomberg.

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This set value of company at 9.6 trillion won (INR 5,87,5 crore) when its IPO price was 135,000 won per share last month. This implies that stock rose around 30% in early tre. This furr implies that Big Hit Entertainment is likely to be among top 10 debuts on South Korean stock market when first-day closing prices are considered.

90% of Big Hit Entertainments’ revenue comes from K-Pop band BTS which makes band an integral part of success story of company. This also implies that company is at risk because, in ir country, male citizens between 18 and 28 require to serve in military for two years. BTS band members are nearing upper limit like Kim Seok jin is alrey 27 years of .

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net worth of BTS Members

• According to a report in Filmdaily.co, net worth of members of BTS is estimated at $450 million. This is equivalent to Rs 330 crores.

DISCLAIMER | above information is sourced from various websites/ media reports. website does t guarantee a 100% accuracy of figures.

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