BTS members Jin, J-Hope and RM recently unloaded nearly 32,000 shares in their management company HYBE’s stock, netting the trio a cool $8.4 million according to regulatory filings.
The sale of shares in the company previously known as Big Hit took place between Oct. 13 and Nov. 9, just before stock in the Seoul-based company hit an all-time high on Nov. 16, doubling it’s initial public offering price from Oct. 2020.reported that before the IPO, HYBE founder Bang Si-Hyuk gave 478,695 shares — a 1.41% stake in the company now worth around $165 million — to the group’s seven members.The reported breakdown of share sales are as follows: Jin, 16,000 shares worth $4.
The story also noted that the BTS members — whose ages range from 24-28 — might have been looking to cash in “as much earnings as possible” before their pending mandatory two-year military conscription begins; the group’s oldest member, Jin, who turns 29 on Saturday , has been granted a military deference until late 2022. in August,
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