Bang Si-hyuk, Big Hit's Stock Soars to 5th Place with 'Ttah-sang' Debut
The Top Price of the IPO Price Range Set at 135,000 KRW
Share Value Reaches 4.3444 Trillion KRW if 'Ttah Sang' Success Like SK Biopharm
[Asia Economy Reporter Oh Ju-yeon] As Big Hit Entertainment, the agency of BTS, prepares for its initial public offering (IPO), it is understood that if Big Hit succeeds in achieving 'ttasang' (opening at twice the IPO price and hitting the upper price limit on the first day of listing) like SK Biopharm did on its first day of listing, the value of shares held by Bang Si-hyuk, the largest shareholder and CEO of Big Hit, could exceed 4 trillion won, potentially making him the 5th richest stockholder in South Korea overnight.
According to Big Hit’s securities registration statement on the 6th, Bang holds 12,377,337 shares of Big Hit as of the 2nd, representing a 43.44% stake.
If the IPO price is set at the upper end of the expected range, 135,000 won, the value of Bang’s shares would amount to 1.6709 trillion won.
Considering the explosive enthusiasm for IPO investments seen recently with SK Biopharm and Kakao Games, Bang’s share value is expected to increase further.
In early July, SK Biopharm achieved 'ttasang' on its first day of listing and continued to hit the upper price limit for two consecutive trading days afterward, increasing more than fourfold compared to its IPO price.
If Big Hit’s IPO price is set at the highest level of 135,000 won and it succeeds in 'ttasang,' the value of Bang’s shares on the first day is expected to rise to 4.3444 trillion won. This would place him as the 5th richest stockholder in South Korea.
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According to Chaebul.com, the richest stockholder in South Korea is Lee Kun-hee, chairman of Samsung Electronics (17.0563 trillion won), followed by Lee Jae-yong, vice chairman of Samsung Electronics (7.0161 trillion won). Next are Seo Jung-jin, chairman of Celltrion (5.3281 trillion won), Kim Beom-su, chairman of Kakao’s board (5.0253 trillion won), and Chung Mong-koo, chairman of Hyundai Motor Group (4.2597 trillion won) as the 5th richest.
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