In ‘really hot’ IPO market, South Korean kid band BTS’s label makes a solid introduction

Portions of Big Hit Entertainment, the music name of K-pop geniuses BTS, took off as they made their market debut in South Korea on Thursday. Success Entertainment’s stock opened at 270,000 Korean won (approx. $236) per share on Thursday, as per Refinitiv Eikon. That was twofold the stock’s issue cost of 135,000 Korean won for every offer. Offers expanded increases after the open before debilitating. It completed its first exchanging day over 90% higher than its issue cost. South Korea’s diversion area is “turning out to be worldwide scale,” Daniel…

Read More