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Big Hit Entertainment has made an impressive debut on the stock market!
On October 15 local time, Big Hit Entertainment was officially listed on the Korea Composite Stock Price Index (KOSPI), the index of all common stocks traded on the Stock Market Division of the Korea Stock Exchange and the equivalent to the US S&P 500.
When the opening bell rang at 9 a.m. KST, Big Hit Entertainment’s stock began trading at 270,000 won (approximately $ 235), double the initial public offering (IPO) price of 135,000 won (approximately $ 118).
As of 9:45 a.m. KST, Big Hit Entertainment’s stock was trading at an even higher price of 300,500 won (approximately $ 262).
Big Hit Entertainment Founder and CEO Bang Si Hyuk commented, “Thank you to all the people who gave Big Hit their tireless support and assistance and made it possible for us to go public today. Thanks to all the fans who trust and love Big Hit’s artists and content; to our artists, who make us proud; and all the staff as well. It’s all of you who made this day possible. “
“Big Hit, which celebrated its 15th anniversary this year, started as a small entertainment company that aimed to bring comfort and touch people’s hearts through music and its artists, but is now a global company,” he continued. Bang Si Hyuk. “As Big Hit is now a publicly traded company, we will take deep responsibility for each and every shareholder and, from a wide variety of angles, we will do everything we can to increase shareholder value. We will work hard to create a company that receives love around the world. “
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