BTS Owns $108 Million of Big Hit. Every Other Artist Will Be Taking Note

BTS Owns $108 Million of Big Hit. Every Other Artist Will Be Taking Note
Big Hit Entertainment, home to K-Pop superstars BTS, floated a portion of its company on the Korean stock market last Thursday, October 15th. Thanks to stock-buying demand whipped up by BTS megafans, Big Hit’s share price opened at a wild $235 (270,000 South Korean Won) — double its initial public offering price of $117 per share — and took the company to a day-one market cap of $7.6 billion.

A few weeks prior to its IPO, Big Hit handed 478,695 common shares in the company to the seven members of BTS. So on Thursday, the company
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