The septet was given 1.4 percent of the company when it went public in 2020
Three members of K-pop powerhouse boyband BTS have sold some of their shares in HYBE for over US$8million.
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The shares were sold between October 13 and November 9, a week before the stock in the entertainment company reached its all-time high on November 16. At the time, the price was twice the company’s initial public offering (IPO). ) price from October 2020.
Prior to the IPO, HYBE founder Bang Si-hyuk reportedly offered 478,695 shares – a 1.41% stake in the company that is now worth approximately US$165 million – to the group’s seven members, divided equally, per share. Bloomberg.
Jin (real name Kim Seok-jin) sold 16,000 shares for US$4.1 million, J-Hope (real name Jung Ho-seok) dropped 5,601 shares for US$1.57 million, while RM (Kim Nam-joon) exchanged Sold 10,385 shares in 2.75 million US dollars.
bloomberg It also claimed that all seven BTS members are looking to cash in “as much earnings as possible” before their pending mandatory military enlistment begins. It is worth noting that the oldest member of the group, Jin, who turned 29 on Saturday (December 4), has been honored for his military service and is now expected to enlist at the end of 2022.
Meanwhile, BTS is reportedly unable to attend this year’s Mnet Asian Music Awards (MAMA) ceremony, due to a newly enforced quarantine order imposed by South Korea, which requires all inbound passengers to self-isolate for 10 days. -Required to serve isolation period.