Big Hit Entertainment, the agency behind Korean pop sensation BTS, has moved a significant step closer to achieving a share listing. Regulator and stock market operator, Korea Exchange said Friday …
Regulator and stock market operator, Korea Exchange said Friday that it had given preliminary approval to BHE for an initial public offering or. Having received BHE’s first application on May 28, Korea Exchange said that BHE “fulfils the requirements to go public.”
Reuters has previously reported that JP Morgan, NH Investment & Securities, and Korea Investment & Securities have signed on as underwriters to the planned share offering. The company itself has confirmed no details of the date, structure, or size of the share sale. “Big Hit pushed for optimizing its corporate structure in 2019 by transitioning into a multi-label system, while simultaneously sustaining explosive revenue expansion and high growth rate,” the company said in a statement. “BTS is making unprecedented achievements as Korean artists, and both Tomorrow X Together and Gfriend are continuing their growth. Big Hit has also secured an impressive pipeline of trainees.
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