... [+]BillboardBig Hit Entertainment, founded in 2005 with a mission to create “Music & Artist for Healing,” has long been rumored to go public and in recent months took steps to pursue an initial public offering . According to a statement from the company, Big Hit's first offering will list 7,130,000 shares on South Korea’s KOSPI, each estimated to be worth around $88.40 and $113.66. The company expects to raise around $630.3 million and $810.4 million in funds.
On September 2, the company shared that it had filed a securities registration statement with the Financial Services Commission of Korea to launch its listing on the KOSPI in October. J.P. Morgan, Korea Investment & Securities and NH Investment & Securities are acting as global coordinators while Mirae Asset Daewoo also joins as a book-runner.
All 7 MEMBERS OF BTS SHOULD BE IN 30 UNDER 30 - Shareholders of Multimillion company - 1 Billboard supersingers songwriters - Records-breaking artist worldwide - Best selling albums, movies, hottest world tour artist - Promotes Eco-friendly, Anti-violence, self-love 💜
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Is LibertyMedia getting in on the booming K-pop industry?