Thread by @markets, BREAKING: K-pop boy band BTS' agency starts trading at double the IPO [...]

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BREAKING: K-pop boy band BTS' agency starts trading at double the IPO price, rising as much as 30%. Each of the seven singers is now $20 million richer. https://trib.al/vsI88xj

1/ Oh hi #BTSArmy, thanks for coming!

Here’s what you need to know (thread) https://bloom.bg/2Hb5LKn

2/ Kim Namjoon, Kim Seokjin, Min Yoongi, Jung Hoseok, Park Jimin, Kim Taehyung, and Jeon Jungkook just got $20 million richer.

Bang Si-hyuk, who founded @BTS_twt’s management company, is now worth $2.8 billion.

It’s all down to a share sale https://bloom.bg/2Hb5LKn

3/ Shares in Big Hit Entertainment, which gets almost all of its revenue from BTS, made their trading debut in Seoul on Thursday.

They were initially offered at 135,000 won per share. When trading opened they rose to 270,000 won, and kept going up https://bloom.bg/2Hb5LKn

4/ Big Hit shares closed up 91%, making Bang (middle) one of Korea’s richest people.

In August he shared his stake with BTS band members, giving each of them 68,385 shares. Each holding, initially valued at $20 million, closed at more than $15 million https://bloom.bg/2Hb5LKn

5/ Bang’s road to riches hasn’t always been smooth. Big Hit, which he set up in 2005 after a successful career as a music producer, almost went bankrupt in its early years.

But now thanks to the success of BTS, its shares are

Dynamite

https://bloom.bg/2Hb5LKn

5/ Bang’s road to riches hasn’t always been smooth. Big Hit, which he set up in 2005 after a successful career as a music producer, almost went bankrupt in its early years. But now thanks to the success of BTS, its shares are Dynamite https://bloom.bg/2Hb5LKn

6/ You can read more here: https://bloom.bg/2Hb5LKn

In the meantime, which @BTS_twt song best describes this moment of joy?

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