The members of a South Korean boy band have had a huge windfall after a stellar debut by their management label on the country’s stock market.
Big Hit Entertainment’s listing was the largest in South Korea for three years, with shares opening at 270,000 won (£181) each.
This compares with an IPO (initial public offering) price of 135,000 won (£90) per share last month – valuing the company at about 9.6trn won (£6.4bn).
The seven members of BTS each have shares worth as much as 24bn won (£16m), based on early trade.
Even a 0.3% fall in the Korea Composite Stock Price Index (KOSPI) couldn’t keep Big Hit down, as its stock rose by as much as 30% in early trading on Thursday.
The stock’s performance puts it on track to become one of the top 10 stock debuts in the country’s history.
BTS accounts for 87.8% of Big Hit’s revenue and has a large and loyal fan base around the world.