This is the primary time HYBE’s inventory falls beneath its IPO worth.

HYBE shares dipped to as little as ₩129,000 KRW (about $90.70 USD) on September 28, beneath its preliminary public providing (IPO) worth of ₩135,000 KRW (about $94.90 USD), amounting to a $10 billion loss in market worth from the time it peaked in November 2021.

This is the primary time HYBE’s inventory has gone beneath its IPO worth because it began buying and selling in October 2020. The inventory steadily rose till it peaked on November 18, 2021, at ₩419,000 KRW (about $295 USD) when HYBE introduced investments in Korea’s largest crypto change, Dunamu, Inc.

HYBE inventory had languished since June when BTS members introduced their shift to solo initiatives whereas their army enlistment standing remained unsure. In August, information about NewJeans‘ debut contributed to a 15.67 percent rise in the stock price.

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@newjeans_official/Instagram

HYBE’s share costs have been on a downward pattern because of buyers’ apprehensions over HYBE’s profitability as soon as BTS members enlist for army service since HYBE’s majority of income are nonetheless credited to BTS.

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| @bts_bighit/YouTube

Seoul shares, usually, have additionally been on a downward pattern and dropped to the bottom degree in additional than two years. Investor sentiment was affected by fears that the worldwide economic system would tumble right into a recession because of aggressive fee hikes by the Federal Reserve and different nations following swimsuit.

 

Source: , BTS 여동생도 만만찮네…한달간 주가 15% 오른 하이브 and Seoul stocks sink to over 2-year low on recession woes; Korean won at over 13-year trough



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