Bang Si-hyuk... Big Hit Could Rank 5th Among Stock Millionaires If It Opens with a Double Jump
[Asia Economy Reporter Baek Kyunghwan] Ahead of the initial public offering (IPO) of Big Hit Entertainment, the agency of BTS, an analysis has emerged that the stake value of Bang Si-hyuk, the largest shareholder and CEO of Big Hit, could reach up to 1.6 trillion KRW.
According to Big Hit's securities registration statement on the 6th, as of the 2nd, Bang holds 12,377,337 shares of Big Hit (currently a 43.44% stake). If the public offering price is set at the upper end of the desired range, 135,000 KRW per share, Bang's stake value would amount to 1.6709 trillion KRW.
This is more than twice the combined stock wealth of the top seven celebrity shareholders who own over 10 billion KRW in listed company stocks, including Park Jin-young, founder of JYP Entertainment (256.6 billion KRW), and Lee Soo-man, founder of SM Entertainment (170.7 billion KRW), whose total stock assets amount to 710 billion KRW.
Compared to the rankings of listed company stock tycoons, Bang would surpass Lee Boo-jin, President of Hotel Shilla, and Lee Seo-hyun, Chairwoman of the Samsung Welfare Foundation (each with 1.598 trillion KRW), placing him 14th overall.
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In particular, if Big Hit's public offering price is set at 135,000 KRW and it achieves a "ttasang" like SK Biopharm, Bang's stake value on the first day would increase to 4.3444 trillion KRW. Compared to the current rankings of listed company stock tycoons, this would surpass Chung Mong-koo, Chairman of Hyundai Motor Group (4.2597 trillion KRW), ranking 5th overall in wealth.
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