Seoul-based Big Hit Entertainment, the company behind superstar K-Pop group BTS (pictured), has been granted preliminary approval for an IPO by the Korea Exchange.. As reported by the Korea JoonAng Daily, the Korea Exchange said on Friday (August 7) that Big Hit “fulfills the requirements to go public, making it eligible for an initial public offering [IPO]”. By Kim Jae-heun Big Hit Entertainment is the next big deal in the initial public offering (IPO) scene here, expected to make its debut in either September or October.
Big Hit Entertainment, the agency behind Korean pop sensation BTS, has moved a significant step closer to achieving a share listing. Big Hit Entertainment Co., Ltd. is a South Korean entertainment company established in 2005 by Bang Si-hyuk. Founded in 2005, the South Korean talent agency behind global sensation BTS has helped the South Korean superstar boy band score megahits globally and sell out U.S. stadiums. Reporting by Heekyong Yang and Joyce Lee; editing by Jason Neely That’s according to Bloomberg, whose report followed several other reports published in the past 24 hours stating that the company had applied for a pre-IPO review with the Korea Exchange on May 21.
South Korea’s Big Hit Entertainment, home to global K-pop sensations According to a banker that took part in the selection process, Big Hit stated in its request for proposals that it aims to enter the stock market in 2020. Founder Bang Si-hyuk held the biggest stake of 45.1% in Big Hit Entertainment as of the end of 2019, followed by gaming company Netmarble Corp’s (In 2019, Big Hit reported an operating profit of 98.7 billion won. The company has multiple subsidiaries, including Source Music, and is the largest shareholder in Pledis Entertainment. Big Hit Entertainment, the management label of South Korean K-Pop group BTS, has filed for a preliminary review of a planned initial public offering, the Korea Exchange said on Thursday. SEOUL (Reuters) - Big Hit Entertainment, the management label of South Korean K-Pop group BTS, has filed for a preliminary review of a planned initial public offering, the Korea Exchange said on Thursday.

South Korea’s Big Hit Entertainment, home to global K-pop sensations BTS, is moving toward an IPO and recently selected underwriters. The agency has been approved for listing on the Korea Composite Stock Price Index (KOSPI). Seoul-based Big Hit Entertainment, the company behind superstar K-Pop group BTS (pictured), has reportedly filed for an IPO in South Korea. Big Hit Entertainment, the South Korean company that houses the record-breaking act BTS and several other K-pop acts, filed for an initial public offering (IPO), the Korea Exchange said on May 27. Read Next: Nickelback’s ‘Devil Went Down to Georgia’ Cover Loses the Fiddling, Picks Up an F-Word (Watch) Sources in the investment banking industry say JP Morgan,… Regulator and stock market operator, Korea Exchange said Friday … It currently manages soloist Lee Hyun and idol groups BTS and TXT. Variety and the Flying V logos are trademarks of Variety Media, LLC. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. That is bigger than the sum of the profits earned by the country’s top three talent management agencies — SM Entertainment, JYP Entertainment and YG Entertainment — in the same year.At a recent briefing session held in Seoul, Big Hit unveiled that it would further expand and diversify its business model in 2020.“We’ve become a multi-business label by acquiring Source Music (the label behind K-pop girl band GFRIEND) and setting up Belief+, a joint venture with CJ ENM,” said However, industry insiders say that one of Big Hit Entertainment’s risks is its high level of reliance on BTS. A number of so-called “BTS-themed stocks” have recently experienced fluctuations: They rose when the K-pop king released a new album, and slumped when the band’s April concert in Seoul was cancelled this week due to coronavirus concerns.“At this point, we still assume that Big Hit’s IPO is likely to happen this year,” The source, who spoke to “We see that there’s a fair chance that Big Hit will go for an IPO at a valuation set between $2.5 billion and $3.3 billion,” the source told In 2019, Big Hit’s revenue doubled from the previous year to $494.6 million and reached profits of $82 million. Big Hit Entertainment has passed the preliminary screening for its planned initial public offering (IPO).