Quantcast
BIG HIT MOVES CLOSER TO IPO

The Korea Exchange has given Big Hit Entertainment an approval for an IPO, making it possible for the company behind BTS to go public within six months.

Big Hit Entertainment will next go before the country’s Financial Services Commission. JP Morgan, NH Investment & Securities and Korea Investment & Securities are underwriters of the IPO, Reuters has reported.

Founded in 2005, the company posted an all-time high operating profit of 98.7b won ($83m) last year more than tripling its 2017 income. Analysts estimate Big Hit Entertainment’s valuation to be around 4t won ($337m). Founder, Chairman and CEO Bang Si-hyuk owns the largest chunk—43.4%—while game developer Netmarble has 25%.

GRAMMY CHEW: A BIG MIDDLE FINGER TO US ALL, FROM GRAMMY
It doesn't make sense. (11/25a)
TOP 100 WEEKLY MARKETSHARE:
THE TIGHTENING
Cue Archie Bell & the Drells. (11/24a)
STATE OF PLAY
IN THE U.K.
The first entry from our 2020 U.K. print special is now online. (11/25a)
AMAs TACKLED FOR LOSS BY SNF
Oof (11/24a)
MUSIC ORGS IMPLORE CONGRESS FOR HELP
The gang's all here. (11/24a)
RAINMAKERS 2020
Bring your umbrella.
GRAMMY OUTLIERS
Mulling possible surprises.
ZOOM THANKSGIVING
We're virtually stuffing ourselves.
TRUMP'S LAWSUITS
He's lost 25 out of 26, and so tired of winning!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)