[Featured Stock] BigHit Hits 'Ttah-sang' Then Turns Down
[Asia Economy Reporter Minji Lee] Big Hit Entertainment (Big Hit) succeeded in the so-called 'Ttah-sang'?opening at twice the IPO price and hitting the upper limit on the first day of listing?but turned to a decline in the afternoon.
Bang Si-hyuk, Chairman of Big Hit Entertainment, is attending the Big Hit Entertainment listing ceremony held on the 1st floor lobby of the Korea Exchange in Yeouido, Seoul on the 15th./2020.10.15. Photo by Joint Press Corps
View original imageAt 2:01 PM on the 15th, Big Hit was trading at 263,500 KRW, down 2.41%. The stock opened at 270,000 KRW and soared to the price limit of 351,000 KRW, but then narrowed its gains and turned to a decline in the afternoon.
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Currently, the target stock prices by securities firms for Big Hit are 264,000 KRW by Hyundai Motor Securities, 260,000 KRW by Hanwha Investment & Securities, 212,000 KRW by Ebest Investment & Securities, and 190,000 KRW by Hana Financial Investment.
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