Big Hit Entertainment the company that manages BTS who are currently considered the biggest musical act in the industry, has officially kicked off its initial public offering (IPO). The IPO is reported to be South Korea’s biggest in three years and is expected to galvanize the IPO market in the country, which had been suffering from low listing volumes in recent years.
Big Hit Entertainment will be listing on the Korea Composite Stock Price Index (KOSPI) and will undertake the book building process on September 24 and 25, with institutional investors from within the country and abroad.
On October 5 and 6, they will take general subscriptions and are likely to wrap up the IPO process that month. Big Hit Entertainment’s lead underwriters are NH Investment & Securities, Korea Investment & Securities Co., Ltd and J.P. Morgan. Mirae Asset Daewoo is a joint advisor.
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