HYBE closes rights offering, raises $400 mn
The shareholders are optimistic about HYBE s stock price outlook By
According to the investment banking industry on Jun. 3, the company sold an aggregate of 2,227,848 shares at the subscription price of 200,000 won ($180.08).
HYBE shares on Jun. 2 closed at 263,500 won ($237.26), 31.7% higher than the subscription price. The investors can start selling the newly issued stocks in the market immediately from their day of listing on Jun. 22.
HYBE Chairman Bang Si-hyuk is reported to have purchased all 774,057 shares that he was assigned as the largest shareholder. HYBE’s second-largest shareholder Netmarble Co. has fully purchased its assigned shares as well.
Monolith Material s hydrogen production facility in Nebraska, US SK Inc., the holding and investment company of SK Group, has made another big investment in th
Kakao has become a household name, with its operations spanning various sectors, including digital content, mobility, games and fintech. South Korean mobile pl
(Source: Getty Images Bank) A private debt fund managed by Madison Capital Funding, a US middle-market lender, has received a combined $460 million in commitme
Travel agency stocks overvalued, analysts say
HanaTour s stock price is up by 59.6% and Modetour s is up by 49.5% year-to-date By
The stock prices of South Korea’s two leading travel agencies, HanaTour Service Inc. and Modetour Network Inc., have skyrocketed in 2021 with respective year-to-date growth rates of 59.6% and 49.5%.
The share prices still look stable today. HanaTour’s stock price was down by 0.86% from the previous day and closed at 91,800 won ($82.41) a share on Jun. 3, while Modetour’s was up by 0.16% to 30,950 won ($27.78) a share.
HanaTour and Modetour, along with America’s Trip.com, are the only three companies in the world whose stock prices are above the pre-pandemic level.