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%.

GRUBMAN & BRANCA
ON THE MENU
Lox & bagels is our guess. (10/4a)
GRAMMY CHEW:
RAP EDITION
Michael and Kyle find a feast of hip-hop to chew on. (10/5a)
REPUBLIC UPS GRYN TO EVP ROLE
She brings a Gryn to Roppo's face, so to speak. (10/4a)
LORETTA LYNN,
1932-2022
Honoring the life and music of a truth-teller (10/5a)
HIS OWN ARCHITECT:
THE STEVE LACY BUZZ
It was a surprisingly easy "Habit" to break. (10/5a)
GRAMMY SEASON
New categories! New rules! New WTF!
THE BIG DEAL
It's the one you didn't see coming.
RAID AT MAR-A-LAGO
"Who took my passports?"
HITS' 36TH ANNIVERSARY SPECIAL
Allow us to apologize in advance.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)