Big Hit Entertainment, the agency behind K-pop sensation BTS, has set the price of its shares being sold in an IPO at a price which reflects massive fan interest. The company said on Monday in a re…
, has set the price of its shares being sold in an IPO at a price which reflects massive fan interest.
The portion of the issue reserved for local and foreign professional investors was more that 1,100 times subscribed, with 1,420 institutions taking part. Retail investors are expected to get their chance to apply for shares on Oct. 5-6, and surveys have shown that many fans will attempt to subscribe. and be valued at $4.09 billion .
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K-Pop group BTS' label Big Hit Entertainment prices IPO at top of rangeBig Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, priced its initial public offering (IPO) at top of its range on Monday, in South Korea's largest listing in three years.
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