Big Hit Entertainment Responds To Reports Of IPO Plans

Big Hit Entertainment has commented in response to reports of the company going public.

On January 31, The Bell reported that Big Hit recently sent an RFP (request for proposal) to stock firms for its IPO (initial public offering). According to the report, investors must submit their offers by February 5.

When contacted by Newsen regarding the reports of the company planning to become a publicly traded entity, Big Hit commented, “Nothing has been decided currently regarding this matter.”

Big Hit Entertainment was founded in 2005 by Bang Shi Hyuk and houses artists including BTS, TXT, and Lee Hyun. It acquired Source Music last year. Recently, it was reported that Big Hit is in the process of also acquiring Pledis Entertainment, to which the company responded that nothing has been decided yet.

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