Patrick Frater Asia Bureau ChiefShares of Big Hit Entertainment, the agency behind K-pop superstars BTS, soared during their stock market debut on Thursday in Seoul.Having been offered at KRW135,000 apiece, shares began trading at KRW270,000.
That gives the company a valuation of $8.38 billion (KRW9.6 trillion) and gives agency co-founder Bang Si-hyuk, with a 36% stake, a net worth of over $3 billion.Each member of BTS, from which the agency earns some 90% of its revenues, had earlier received more than 68,000 shares.
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