September 22, 2020 08:26
The company behind super boy band Bangtan Boys, also known as BTS, is preparing for its initial public offering.
Big Hit Entertainment will accept pre-IPO placements from institutional investors on Thursday and Friday ahead the IPO in mid-October.
Subscription for retail investors will be available on Oct. 5 and 6.
The agency's stock is expected to debut at a price between W105,000 and W135,000, which would give it a market cap of more than W4 trillion and make it one of the 50 biggest companies on the Korea Composite Stock Price Index (US$1=W1,163).
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