Shares of the corporate that manages South Korean pop group BTS greater than doubled when the label was listed on the South Korean inventory market on Thursday.
The seven-member group turned the primary South Korean singers to high the US Billboard music chart with their single, “Dynamite.” The band’s on-line live performance final weekend is alleged to have drawn almost a million viewers from all over the world.
Shares of Massive Hit Leisure briefly surged to about 300 {dollars}, roughly 2.6 instances the preliminary public providing value. The label has an estimated market worth of greater than 10 billion {dollars}.
South Korean media reviews observe that the label depends on BTS for a lot of its income.
