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After mark opens up to the world, BTS to become multi-millionaires

Every one of the seven individuals from South Korean K-pop gathering BTS are set to become multi-millionaires, when their name Big Hit Entertainment opens up to the world in October.

Taking off interest for shares in Big Hit has given it a market valuation of £3.2bn ($4.1bn), with shares evaluated at the head of the normal value go.

Success supervisor Bang Si-hyuk, who possesses 43% of the administration mark, will turn into a tycoon.

In August, he gave each BTS part 68,385 offers, worth £6.2m altogether.

Right now estimated at between 105,000-135,000 won (£70.03-£88.70) per share, Big Hit hopes to raise about £638.3m with the offer of 7.13 million new offers when it is recorded on Korea’s Stock Exchange, the KOSPI, on 15 October.

BTS set another precedent on Monday when it took only hours for financiers to discover speculators to take a stake in the firm when request books opened, with request multiple times higher than the accessible stock.

Fanatic BTS fans in South Korea are planning to purchase in any event one offer in the administration mark to help their preferred individuals.

Is significantly additionally striking this is South Korea’s biggest IPO in three years.

It’s an indication that BTS’ prevalence has not melted away, in spite of the gathering being compelled to drop their reality visit due to the Covid pandemic, and the danger that a portion of the individuals may before long need to complete two years of necessary military help.

In 2019, BTS created 97% of Big Hit’s business a year ago, and 88% this year.

BTS has more than once broken records in their seven-year history. In August, its single Dynamite turned into the most saw YouTube video in 24 hours, accumulating 101.1 million perspectives in a day.

The K-pop band additionally turned into the principal Korean craftsmen to head the Billboard Hot 100 graph with that solitary, drawing acclaim from South Korea’s President Moon Jae-in, who said were composing “another section in K-pop history”.

What’s more, an online show held in June set another Guinness World record for the most seen music show live stream, with 756,000 fans joining from more than 100 nations.

The gathering is comprised of Kim Tae-hyung (known as V), Jung Ho-seok (J-Hope), Kim Nam-joon (RM), Kim Seok (Jin), Park Ji-min, Jeon Jung-wacko and Min Yoon-gi (Suga).

They have attributed quite a bit of their prosperity to their devoted global fan base, known as ARMY, who have helped make BTS the most tweeted-about music bunch from March to September this year.

Fans are presently enthusiastically anticipating the up and coming arrival of BE, BTS’ second collection of the year, on 20 November.


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