BTS management agency stock doubles on market debut

Seoul, Oct 15 (AFP/APP):Shares in the management agency of K-pop sensation BTS more than doubled on their stock market debut Thursday, making an instant multi-billionaire of its chairman and boosting the seven band members’ own fortunes. The initial public offering of shares in Big Hit Entertainment saw staggering demand, with the public section oversubscribed 607 times and applicants receiving only a tiny fraction of their requests. The firm’s centrepiece asset BTS have risen to global stardom in recent years, cementing their prominence in the world’s biggest music market in August with their all-English track “Dynamite” topping the US Billboard Hot … Continue reading BTS management agency stock doubles on market debut