[News] YG Entertainment Breaks Stock Records
On November 23, the competition for YG Entertainment’s public stock offerings became 560 to 1, bringing in a total deposit of 3 trillion won. Daewoo Securities stated that in the public offering for YG Entertainment, which took place from November 14-15, subscription deposits reached 3 trillion 637.9 billion won with 297 million subscriptions for 363,962 shares, bringing the competition to 570 to 1.
This is the largest deposit for any KOSDAQ listed company this year. The previous record held by Golfzon, which was listed in May, involved deposits of 3 trillion 563.9 billion won.
The great interest in YG Entertainment seems to have come from high expectations for the Korean wave, as YG Entertainment houses many representative teams such as Big Bang or 2NE1. The prediction that celebrities would be in great demand with the establishment of the general service channels in December also seems to have had an effect.
YG Entertainment was originally to be listed on October 21, but as G-Dragon, one of its artists, was caught up in a drug scandal, it had no choice but to push back its listing date. With the successful passing of its public stock offerings, however, the agency now seems to have fully recovered.
Source & Translated by: eNewsworld
Credits: ygfamilyy on Tumblr