Update: JYP Entertainment Rises To No. 1 Of Entertainment Agencies In Market Capitalization
Updated August 29 KST:
JYP Entertainment’s market capitalization has risen further!
After its market capitalization hitting 1 trillion won (approximately $893.6 million) for the first time on August 21, JYP Entertainment has now surpassed SM Entertainment to be No. 1 of entertainment agencies in market capitalization. This is the first time that JYP Entertainment’s market capitalization has exceeded SM Entertainment’s since the company was first listed on KOSDAQ on August 30, 2001.
As of August 29, JYP Entertainment’s market capitalization is 1 trillion and 90.9 billion won (approximately $981.2 million), and SM Entertainment’s is 1 trillion and 78.5 billion won (approximately $970.1 million). JYP Entertainment is currently ranked No. 29 on KOSDAQ, while SM Entertainment is ranked No. 31. YG Entertainment is ranked No. 55 with market capitalization of 7 billion and 429 million won (approximately $668.2 million).
A researcher from the Shinhan Investment Corporation commented, “With the successful Japanese activities of TWICE after their debut in Japan, JYP’s stock price is greater than five times over what it was early last year,” and added, “With the continued growth of TWICE and GOT7 and the debuts of rookie groups, continuous stock price growth is anticipated.”
JYP Entertainment continues to show impressive growth.
On August 21, the company’s market capitalization touched 1 trillion won (approximately $893.6 million) for the first time since being first listed on KOSDAQ on August 30, 2001. It is the third entertainment company to exceed 1 trillion won following SM Entertainment and YG Entertainment.
As of 1:35 p.m. KST on August 22, JYP Entertainment’s market capitalization is 1 trillion and 17.7 billion won (approximately $909.4 million), following closely behind industry leader SM Entertainment’s 1 trillion and 40.9 billion won (approximately $930.1 million).
JYP Entertainment’s current market capitalization is over six times greater than their value of 159.4 billion won (approximately $142.4 million) just a year and a half ago on February 6, 2017.
Some of the potential causes are being viewed as TWICE’s incredible popularity in both Korea and Japan, GOT7’s rising status as a global K-pop group through their 17-city world tour, and the anticipation of Stray Kids’ potential for growth.
Analysts are also expecting further growth for JYP Entertainment throughout the year with TWICE’s sold-out Japanese arena tour, the debut of Chinese boy group BOY STORY, the company’s recent move to a new building, and more.