According to the KOSDAQ, JYP Entertainment briefly hit 1 trillion KRW (~ 893,860,000 USD) in market capitalization just before stocks closed on August 21. As a result, JYPE has now become the third of the Big 3 entertainment companies to have recorded a 1 trillion KRW market cap at some point in market trading.
Posted byTuesday, August 21, 2018
JYPE becomes third of the Big 3 companies to hit 1 trillion KRW in market cap
On August 21, JYPE's stocks closed at a value of 20,850 KRW (~ 18.00 USD). At the time of closing, the label's aggregate market cap was 998,600,000,000 KRW (~ 892,600,000 USD). Sometime during the afternoon of trading on the same day, the highest trade value recorded was 28,700 KRW (~ 25.00 USD) a share, amounting to the label's highest ever aggregate market cap, surpassing 1 trillion KRW.
Investment experts revealed, "TWICE's comeback album sales and concert profits, as well as GOT7's concert profits, showed effective results. The label's YouTube profits especially helped raise the market value."
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