BTS’ Net Worth Set To Soar As Shares Of Their Label Big Hit Doubles Its IPO Price

0
422

As reported by the Korean media, BTS are the K-pop giants who ‘paved the way’ for K-pop groups to brighten the global market. The band made its debut in 2013 but over the years became established world-wide.

Do not Miss : Meek Mill’s Net Worth, How Well Off Is The American Rapper And Songwriter?

The Süd Korean boy band alone in 2019 amounted to 170 million dollars, according to estimates by Meaww.com, which is more money than any band except the American band Metallica. This accumulates, by voting and streaming, BTS’ fanbase helped them reach global stardom. Bang Bang Con: The Live band has the best ‘Live Concert’ vision. In addition, as stated on Billboard’s official website, they have now been given the tag « Top Social Artists of the 2010.

Latest IPO surge for Big Hit Entertainment

The shares of the K pop agency Big Hit Entertainment Co. doubled on the first day of trading and boosted the fortunes of its billionaire founder. It has boosted the fortunes of the seven multimillionaire founders of the BTS boy band that has billions of fan followers.(Read also : Simon Cowell’s Net Worth 2020 : Check Out How Well Off The ‘America’s Got Talent’ Judge Is )

The company’s capital inflow was primarily attributed to the pop feeling and, according to Bloomberg, opened up at 2,70,000 won (over 17,000 INRs. That set the company’s worth at 9.6 billion won (INR 5.87.5 crore), while last month’s IPO price was 135 thousand won per share. This suggests that the stock improved in early trading by about 30 percent. This also suggests that when the first day closing rates are taken into consideration, the Big Hit Entertainment is expected to be in the top ten bonds of the South Korean stock exchange.(Read also : Net worth of Hamilton cast’s shows actors are ‘living their glory life’ )

The K-pop band BTS, which makes it an important part of the company’s success storey, accounts for 90% of Major Hit Entertainments sales. This also ensures that the business is at risk, as men aged 18 to 28 in their country have two years to participate in the military. As Kim Seok jin is now aged 27, the BTS participants are approaching the age limit.

Do not Miss : Arnold Schwarzenegger’s net worth is so immense, he can say adios to work tomorrow

LEAVE A REPLY

Please enter your comment!
Please enter your name here