Big Hit Enters KOSPI with 'Ttasant'... Bang Si-hyuk Becomes Stock Billionaire Instantly

KOSPI Market Records 30th Largest Market Capitalization as of 10:10 AM

On the 15th, Bang Si-hyuk, CEO of Big Hit (left), is taking a commemorative photo with Jung Ji-won, Chairman of the Korea Exchange, at the Korea Exchange in Yeouido, Seoul, celebrating the KOSPI listing. (Photo by Korea Exchange)

[Asia Economy Reporter Geum Bo-ryeong] The stock price of Big Hit Entertainment, which led the successful initial public offering (IPO) in the second half of the year, continued its soaring trend on the first day of listing. Bang Si-hyuk, CEO of Big Hit, quickly entered the ranks of the richest stockholders in Korea.

According to the Korea Exchange as of 10:10 AM on the 15th, Big Hit's stock price was 300,500 KRW. Its market capitalization reached 10.17 trillion KRW, ranking 30th in the KOSPI market. This is lower than Samsung Electro-Mechanics (29th) but higher than Amorepacific (31st).

Big Hit, which entered the KOSPI market that day, opened at 270,000 KRW, double the public offering price of 135,000 KRW, and hit the upper price limit immediately after the market opened. This is known as a 'ttasang' (opening price doubling and hitting the upper limit). Based on the ttasang price, the market capitalization was 11.88 trillion KRW, starting trading at 27th place in market cap rankings.

Bang, who holds 12,377,337 shares of Big Hit, saw the valuation of his stake soar to as much as 4.34 trillion KRW. Compared to the ranking of stock-rich individuals compiled by financial information provider FnGuide as of the previous day, this amount would place him 6th, surpassing former Leeum Museum director Hong Ra-hee (3.298 trillion KRW) but still below Honorary Chairman Chung Mong-koo of Hyundai Motor Group (4.46 trillion KRW).

The value of BTS members' shares also increased. In early August, the seven BTS members each received an equal share of a total of 478,695 common shares from Bang. Based on the ttasang price, each member's stake is valued at 24 billion KRW. Even calculated at the public offering price, it amounts to 9.232 billion KRW.

Target stock prices for Big Hit by securities firms are 264,000 KRW by Hyundai Motor Securities, 260,000 KRW by Hanwha Investment & Securities, and 212,000 KRW by eBest Investment & Securities. Kim Hyun-yong, a researcher at Hyundai Motor Securities, analyzed, "With Big Hit's listing on the KOSPI market, the status of entertainment stocks has greatly risen," adding, "Not only investors but also BTS fans both domestically and internationally are paying close attention to the entry of the leading K-pop stock into the stock market."

The listing ceremony held at the Korea Exchange in Yeouido, Seoul, was broadcast live worldwide on Big Hit's YouTube channel. CEO Bang said, "Big Hit now feels a deep sense of responsibility toward shareholders and society as a listed company," and added, "We will make our best efforts from various perspectives such as transparency, profitability, growth potential, and social contribution to enhance the value of not only major institutional investors but also each individual shareholder."

This content was produced with the assistance of AI translation services.