On the 16th, the day after Big Hit, which raised expectations as an IPO in the second half of this year, fell sharply.
On the same day, in the securities market, Big Hit closed down 22.29% from the previous trading day at KRW 200,000, closing for two consecutive days.
Big Hit started trading with a decline of around 5%, sharply increasing its decline during the week.
However, the share price is still 48.5% higher than the public offering price of 135,000 won.
Based on the closing price, the market capitalization was 6,786.2 billion won, which is nearly 2 trillion won from the previous day's 8,732.3 billion won.
The KOSPI market cap ranking went down from 32nd to 38th.
Other corporations that net sold 177 billion won the day before sold 132.1 billion won worth of sales.
Foreigners and institutions also net sold 23.8 billion won and 4.8 billion won respectively.
On the other hand, individuals received the sale poured into the market by making a net purchase of 160 billion won.
The daily transaction amount was 950 billion won, ranking second in the KOSPI after Samsung Electronics.
Big Hit entered the KOSPI as a'dasang' soaring to the upper limit as the initial price on the day before the listing date was decided to double.
However, the intraday gains quickly returned and turned to bearish, eventually closing at 259,000 won, down 4.44% from the initial price on the first trading day.
Minha Choi, a researcher at Samsung Securities, said, "The biggest downside risk of Big Hit is that it has a high dependence on sales for BTS." It can be difficult,” he explained.
(Photo = Yonhap News)