Big Hit Entertainment, Market Cap 11.6 Trillion Won... Trading Volume Exceeds 400 Billion Won in 10 Minutes
[Asia Economy Reporter Park Hyungsoo] Big Hit Entertainment, the agency of the world-renowned idol group BTS (Bangtan Sonyeondan), surged sharply compared to its public offering price on the first day of listing on the domestic KOSPI market.
At 9:11 a.m. on the 15th, Big Hit Entertainment was trading at 342,500 KRW, up 26.85% from the opening price. Its market capitalization reached 11.6 trillion KRW.
On this day, the opening price was set at 270,000 KRW, which is 100% higher than the public offering price of 135,000 KRW. The stock hit the upper limit immediately after trading began, but as selling pressure increased for profit-taking, the price slightly declined from its peak.
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Within 10 minutes of trading, the trading volume exceeded 400 billion KRW.
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