Source: Joongang Ilbo
Bang Si-hyuk is expected to rank in the top 5 richest stock CEOs in Korea.
According to a report by Joongang Ilbo, CEO Bang Si Hyuk is expected to be among the top 5 richest stock CEO's in Korea the moment Big Hit goes public.
Per Big Hit Securities Report filed on the 6th, CEO Bang holds 12,377,337 shares for a 43.44% stake in the company. If Big Hit is listed at 135,000 won per share during initial public offering, Bang's stock value will reach 1.67 trillion won. This is 2.4x larger that total stock wealth of 710 billion won of 7 wealthiest celebrities including JYP's Park Jin Young (256.6 billion won) who's currently the richest in the entertainment industry and SM's Lee Soo Man (170.7 billion won) who owns over 10 billion won in listed companies.
At minimum, Bang Si-hyuk will definitely rank in the top 20 of the nation's stock-rich list. He's expected to rank 14th overall ahead of Hotel Shilla president Lee Boo-jin and Samsung Welfare Foundation Chairman Lee Seo-hyun (1.598 trillion won each).
BTS members are also expected to earn a lot of money as Bang Si-hyuk gave all 7 members a total of 478,695 in shares early last month. If IPO price is set at 135,000, each member will earn stocks worth 9.2 billion won each.
Big Hit is scheduled to be listed in KOSPI market in October.
- [+2,781, -108] Who in their right mind would compare BTS to Hyundai ㅋㅋ
- [+1,328, -79] Its all or nothing on BTS. None of their follow up idol groups are doing well.
- [+938, -34] Even BTS has acknowledged it too. Isn't this too much on them?
- [+754, -49] Huh?ㅋㅋㅋㅋㅋWhy is BTS being compared to global companies? It's not like BTS have been around for decades or centuries..참 [snicker]
- [+358, -35] At minimum entertainment stock is only worth 10,000 wonㅎㅎ
- [+142, -8] Guys, please be careful investing in Big Hit stock. Lately, Big Hit has been getting close and chummy with Moon administration to take advantage of current political climate.
- [+88, -3] I'd rather invest in Psy. I barely know any BTS songs.
- [+63, -4] Entertainment stocks are too risky. Especially because BTS won't last forever.
- [+50, -3] Big Hit's internal structure is really bad. If shareholders really knew what was going on they'd flag them down. Yes, BTS has had a couple hit songs but a huge issue regarding members military enlistment still looms. Does Big Hit think they'll receive the same support once they return? The company will do just fine staying private so why go public? They're already on thin ice. Moreover, its not like KPOP is recognized in the U.S. No matter how high they rank on billboards, BTS-POP is still a limited industry. Big Hit will suffer trying to increase their stock price unless they come up with other plans. Before they should even be thinking of other things they need to fix their internal structure first.
- [+45, -2] What kind of ridiculous valuation is that?ㅋㅋ