Shares in Big Hit Entertainment defied the pre-listing hype to dip on their first day of trade on Thursday, giving the management label of South Korean superstar K-pop group BTS a market valuation of 8.

Shares in K-pop group BTS' management label Big Hit drop after debut

Big Hit Entertainment, the management label of popular South Korean boy band BTS, debuted at double its initial public offering (IPO) price on Thursday, as investors scrambled for a piece of the country`s largest listing in three years.

K-pop group BTS' label Big Hit debuts at double its IPO price

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Shares in K-pop group BTS' management label Big Hit drop after debut

K-pop group BTS' label Big Hit debuts at double its IPO price