[Alpha Biz=(Chicago) Reporter Paul Lee] SM Entertainment has been listed in the top 10 KOSDAQ market capitalization for the first time in nine years since 2014. This is interpreted as a result of a sharp rise in stock prices due to the recent heated acquisition battle over SM.
According to the Korea Exchange on the 14th, SM's stock price was 116,000 won and its market capitalization was 2.7616 trillion won, ranking ninth in the KOSDAQ market following the 10th.
It is the first time in about nine years that SM has returned to the top 10 in the KOSDAQ market since June 11, 2014.
SM has once risen to fifth place since its listing on the KOSDAQ market in 2000 and has been listed as the top market cap, but has been traded outside the top 10 since 2014 due to games and pharmaceutical stocks.
As SM ranked ninth in the KOSDAQ market, it also succeeded in reversing its ranking with JYP Ent., the same entertainment stock. As of the 13th, JYP Ent.'s stock price was 72,800 won and its market capitalization was 2.5842 trillion won, ranking 11th in the KOSDAQ market. JYP Ent. ranked 10th in the KOSDAQ market until the 9th.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
