Members of hugely popular South Korean K-Pop band BTS are expected to become multimillionaire shareholders after receiving shares in their label, Big Hit Entertainment, as it prepares an initial public offering (IPO) that could raise up to 962.6 billion won ($811 million).
FILE PHOTO: Band BTS performs during the 2020 MTV VMAs in this screen grab image made available on August 30, 2020. VIACOM/Handout via REUTERS
Each BTS member would get 9.23 billion won of shares, or 64.6 billion won altogether, if the IPO is priced at the top of its range in October. The pricing potentially values the company at up to 4.8 trillion won , considering convertible preferred stocks plus common shares, analysts said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five Burning Questions: BTS Score the First K-pop Hot 100 No. 1 With 'Dynamite'What does it mean that 'Dynamite' was the song to put BTS over the top on the Hot100? And how big will it remain from here? Experts answer these questions and more below.
Read more »
After blowing up Billboard chart, K-pop colossus BTS eyes Grammies 'Dynamite'Fresh from scoring Korea's first-ever no. 1 hit on the main U.S. Billboard music chart, K-pop juggernaut BTS on Wednesday set its sights on a standalone performance at next year's Grammy Awards - and maybe a trophy or two.
Read more »
Big Hit Entertainment, Company Behind BTS, Aims To Raise Up To $810 Million In IPOJust days after BTS made history with their first No. 1 on the Billboard Hot 100 chart, the company behind the South Korean superstars announced its plans to go public.
Read more »
BTS Movie’s Release Delayed in South Korea Due to CoronavirusThe South Korean release of a new film about K-pop superstars BTS has been indefinitely delayed, due to the coronavirus pandemic. The documentary film “Break The Silence: The Movie” had been …
Read more »
BTS Sets Eyes on the Grammys Following ‘Dynamite’ SuccessAfter making history by becoming the first Korean group to have a No. 1 debut on the Billboard Hot 100 chart with their first English-language track “Dynamite,” BTS said Tuesday that they now have …
Read more »
The Weeknd, Jonas Brothers & More Congratulate BTS on 'Dynamite' Hitting No. 1BTS earned their first-ever No. 1 hit this week with &34;Dynamite,&34; and well wishes are pouring in from their fellow artists.
Read more »