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BIG DEBUT FOR BIG HIT

Big Hit has wowed an audience that quite possibly cannot identify a single member of BTS: investors. The share price nearly doubled on the K-Pop label’s first day of trading in South Korea, peaking at about $235.

The company had a value of about $7.6b by market close. On paper, the shares owned by Big Hit founder Bang Si-hyuk topped $3b by the end of the business day.

The stock closed at $225, 90% above the IPO price of $118.

TAGS: BTS | Big Hit | Stock
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