• Latest
  • Trending
  • All
HYBE

HYBE stock price drops below IPO price because of BTS military service news

YG beauty Lee Ho Yeon gets married 5 months after catching Lee Seung Gi’s wedding flower: The cheek caress given to the groom causes a fever

YG beauty Lee Ho Yeon gets married 5 months after catching Lee Seung Gi’s wedding flower: The cheek caress given to the groom causes a fever

'The Penthouse' actress Ki Eun Sae divorces husband after 11 years

‘The Penthouse’ actress Ki Eun Sae divorces husband after 11 years

Song Joong Ki

Song Joong Ki says he wants son to watch upcoming movie ‘Hopeless’

Byun Hee Bong

Kdrama’s Grandfather Byun Hee Bong passed away at the age of 81.!

Byun Hee Bong

Kdrama’s Grandfather Byun Hee Bong passed away at the age of 81.!

Blackpink’s Lisa and Rumoured Boyfriend Tag Heuer CEO Frederic Arnault In Thailand At The Same Time, Fuelling Further Speculation Of Romance

Blackpink’s Lisa and Rumoured Boyfriend Tag Heuer CEO Frederic Arnault In Thailand At The Same Time, Fuelling Further Speculation Of Romance

Who is the handsome billionaire rumored to be dating Blackpink's Lisa?

Thai media outlet reports that Frédéric Arnault joined BLACKPINK’s Lisa and her parents on a boating day on the Chao Phraya River

Song Joong Ki Net Worth 2023

Song Joong Ki purchases 2.7 billion won room in Hawaii condo “Emerging wealthy area, price will rise further”

Lee Joon Gi talks about replacing Song Joong Ki in “Arthdal Chronicles 2”, “I feel a great burden and fear”

Lee Joon Gi talks about replacing Song Joong Ki in “Arthdal Chronicles 2”, “I feel a great burden and fear”

Katy Louise Saunders’ queen-like life after giving birth to Song Joong Ki’s first child

Katy Louise Saunders’ queen-like life after giving birth to Song Joong Ki’s first child

Arata Mackenyu_ Actor who is causing a storm around the world: Having a child with his mother’s best friend at the age of 14!!

Arata Mackenyu_ Actor who is causing a storm around the world: Having a child with his mother’s best friend at the age of 14!!

High Kick 1

High Kick 1 actress Baek Jin Hee suddenly broke up with boyfriend actor Yoon Hyun Min after 7 years of dating!

Retail
  • HOME
  • CELEB
  • NEWS
  • K-DRAMA
  • K-MUSIC
No Result
View All Result
Lovekpop95
No Result
View All Result
Home CELEB

HYBE stock price drops below IPO price because of BTS military service news

by admin
October 1, 2022
in CELEB
0
HYBE
ADVERTISEMENT

HYBE stock price drops below IPO price because of BTS military service news

This is the first time HYBE shares have fallen below the IPO price.

YOU MAY ALSO LIKE

HYBE

Faced with a situation where the stock price plummeted, HYBE announced that BTS will not stop group activities

The stock price of HYBE plunges 21% due to shock from BTS’ activity suspension

The stock price of HYBE plunges 21% due to shock from BTS’ activity suspension

HYBE

4th News reported that HYBE was inspected by the Anti-Corruption Commission, suspected of bribing 100 reporters for BTS’ exemption from military service.

Netizens and ARMY have funny reactions after HYBE denies dating rumors of BTS V and the daughter of Paradise Group’s chairman Phillip Chun!

Netizens and ARMY have funny reactions after HYBE denies dating rumors of BTS V and the daughter of Paradise Group’s chairman Phillip Chun!

On September 28, HYBE Co. recorded a share price drop of 7.1% to 129,000 KRW (approximately 90.70 USD), lower than the initial public offering (IPO) price of 135,000 KRW (approximately 94.90 USD). This is equivalent to HYBE having just lost a sum of 10 billion USD (more than 230 trillion VND) at the time of its peak in November last year.

This is the first time that HYBE’s shares have fallen below the IPO price since it began listing on the exchange in October 2020. After that, HYBE’s stock price steadily increased until peaking on November 18, 2021 at 419,000 KRW (approximately $295), shortly after HYBE announced investments in crypto exchange, Dunamu. , Inc.

HYBE stock price drops below IPO price because of BTS military service news 1

However, in June 2022, HYBE’s stock began to plummet after the announcement that global group BTS was temporarily suspended to promote solo projects of 7 members. Along with the school violence scandal of Kim Garam, a former member of the girl group Lesserafim, a series of investors withdrew their capital. At that time, HYBE’s stock fell 25%, losing a market capitalization of 2 trillion KRW (about 1.44 billion USD).

By August, the value of HYBE shares increased again, reaching 15.67% thanks to the successful debut of girl group NewJeans.

But at the beginning of this September, after going through a short poll, the Ministry of Defense issued a statement about the difficulty of exempting BTS from military service, making investors start to worry about making profits from HYBE. .

Experts say that most of the company’s profits come from the national boy band. Having BTS members enlist in the army for 18 months puts their investment at risk.

Besides, some think that HYBE has a lot of potential for development because it has bought a lot of small and medium entertainment companies. Losing BTS, HYBE will suffer a great loss but will quickly recover thanks to the activities of new young artists such as NewJeans, TXT, Lesserafim, etc.

ADVERTISEMENT

BTS is a 7-member boy group formed in 2013. After 9 years of debut, BTS has become a globally famous group, owning many unprecedented records along with the fan community ( Army) is numerous.

Not only contributing to promoting Korean culture and music, BTS is also considered as one of the factors that bring about “huge” economic profits for the country of kimchi. The fact that BTS has to enlist in the army, delaying group activities is said to be a great loss to Korean culture and economy.

Therefore, many proposals for the 7 members’ military exemption have been reviewed but have not been approved. If there are no changes, the eldest Jin (29 years old) will be the first member of the group to join the military service.

Tags: hybe
Share380Tweet238Pin86

Search

No Result
View All Result
  • About
  • Privacy & Policy

Copyright © 2020 | Lovekpop95.com

No Result
View All Result
  • HOME
  • CELEB
  • NEWS
  • K-DRAMA
  • K-MUSIC

Copyright © 2020 | Lovekpop95.com