Possibility of BTS Becoming Billionaire Stockholders?…Each Member Holds Big Hit Shares Worth 9.2 Billion Won
[Asia Economy Reporter Dongwoo Lee] The global group BTS, under the agency Big Hit Entertainment, is expected to become stock billionaires following the company's IPO.
According to the Financial Supervisory Service's electronic disclosure system on the 2nd, Bang Si-hyuk, the largest shareholder of Big Hit, gifted a total of 478,695 common shares equally to the seven BTS members on the 3rd of last month. This means each BTS member now holds 68,385 shares.
If Big Hit's public offering price is set at the upper end of the expected range (105,000 KRW to 135,000 KRW), at 135,000 KRW, the members will hold shares worth a total of 64.62382 billion KRW for all seven members, or approximately 9.23197 billion KRW per member based on the offering price.
After Big Hit sets the public offering price at the upper limit of the expected range, if the stock records a "ttasang" (opening price at twice the offering price followed by a limit-up) on the first day of listing, the valuation gains on these shares will increase further.
In this case, Big Hit's stock price would rise to 351,000 KRW in calculations, and the value of shares held by each BTS member would reach 24.0313 billion KRW.
The financial investment industry expects Big Hit to achieve a successful IPO following SK Biopharm and Kakao Games.
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