K-Pop Superstars BTS’s Agency Seeks up to $812 Million in IPO
- Big Hit manages South Korea’s most popular boy band, BTS
- Big Hit’s IPO would be South Korea’s biggest in three years
BTS perform onstage at the Forum in Los Angeles, California.
Photographer: Rich Fury/Getty Images
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Big Hit Entertainment Co., the manager of K-pop boy band BTS, is looking to raise as much as 962.6 billion won ($812 million) in a South Korean initial public offering that is set to be the country’s largest in three years.
Big Hit set the price range for sale of 7.13 million new shares at 105,000 won to 135,000 won each, according to a statement filed on Wednesday. At the top of the range it would have a market capitalization of 4.6 trillion won ($3.9 billion), based on the number of common shares.