Big Hit Entertainment prepares for its debut on stock market
Arirang News
2020-09-21
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The company behind K-pop superstars BTS is preparing for an initial public offering on South Korea's largest stock market.
Before Big Hit Entertainment debuts in mid-October, the book building procedure for institutional investors will be held from Thursday to Friday.
Retail investors will be able to put in pre-order deposits for a public subscription from October 5th to 6th.
Big Hit plans to offer stocks at an indicative price range of 90 to 116 U.S. dollars a share.
This would make the company's market cap more than four billion dollars.
That would make it one of the top 50 market caps on the benchmark KOSPI.
The company behind K-pop superstars BTS is preparing for an initial public offering on South Korea's largest stock market.
Before Big Hit Entertainment debuts in mid-October, the book building procedure for institutional investors will be held from Thursday to Friday.
Retail investors will be able to put in pre-order deposits for a public subscription from October 5th to 6th.
Big Hit plans to offer stocks at an indicative price range of 90 to 116 U.S. dollars a share.
This would make the company's market cap more than four billion dollars.
That would make it one of the top 50 market caps on the benchmark KOSPI.
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