The South Korean K-pop group will become multi-millionaires after their label Big Hit goes public. Who are BTS? Big Hit Entertainment, the South Korean company that houses the record-breaking act BTS and several other K-pop acts, filed for an initial public offering (IPO), the … BHE finished its first day as public company with a market cap of $7.5 billion. Bang owns about 43% of Big Hit, according to a stock exchange filing. Korean pop sensations BTS go public. With BTS at the height of its popularity, it would be the right time to go public for Big Hit Entertainment, analysts said. BTS, also known as the Bangtan Boys, are a seven-member K-pop band with a musical style that has evolved from hip-hop to … The K-pop label that created BTS is going public. Shares in the management company of Korean boy band BTS more than doubled on its stock market debut. Korean pop sensations BTS go public. Bang gave each of the BTS band members … … “What is different is [the Big 3 … The mastermind of global music phenomenon BTS is taking his company public. A K-pop company going public isn’t unique to Big Hit, as Paul Han, co-founder of K-pop news site Allkpop.com, explains to TIME. Like other K-pop agencies, Big Hit manages its artists and their careers at every level: it selects them and trains them at … But some are sceptical about the lofty valuation. But with the coronavirus outbreak now eating away at concert sales, a … Currently, Big Hit represents three of its own acts, owns label Source Music and game developer Superb Corp, and is the largest shareholder in fellow South Korean agency Pledis Entertainment, although BTS accounts for the lion’s share of its business. The K-pop model. The IPO has made Bang a billionaire. From left: Jimin, Jungkook, RM, J-Hope, V, Jin, and SUGA of the K-pop boy band BTS on February 21, 2020 in New York City. Sounds like the IPO version of going double-platinum. Big Hit Entertainment, the music label behind K-pop phenomenon BTS, is eyeing a public market debut.
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