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BTS agency Big Hit scores dynamite IPO in Seoul

Share close down 4% amid concerns company relies too heavily on one act

SEOUL -- Big Hit Entertainment, the agency behind global K-pop sensation BTS, scored a dynamite stock market debut in Seoul on Thursday, with its shares opening at more than twice its initial offering price.

Its first day of trading proved volatile, however, with shares hitting the daily limit of 30% in morning trade only to end the day 4.44% lower at 258,000 won -- a sign of the expectations and concerns surrounding the agency's biggest act.

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