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Big Bang’s YG More Than Doubles on Debut After Drug Scandal

YG Entertainment Co., which manages South Korean boy band Big Bang, more than doubled in its first day of stock trading in Seoul after individual investors demanded 561 times the amount of stock available in the company’s initial public offering.

Seoul-based YG, which also manages female quartet 2NE1, climbed to 78,200 won as of the 3 p.m. close on the Korea Exchange, compared with its IPO price of 34,000 won. The company is a constituent of South Korea’s junior Kosdaq Index, which fell 3 percent today.