The Fair Trade Commission (hereafter KFTC) has officially approved Big Hit Entertainment and Pledis Entertainment’s M&A (merger and acquisition). The KFTC is an administrative organization that regulates economic competition and imposes restrictions to prevent companies from monopolizing markets. On October 18, the KFTC announced that they had approved Big Hit Entertainment’s acquisition of 85 percent of Pledis… Continue reading Fair Trade Commission Officially Approves Big Hit Entertainment’s Acquisition Of Pledis Entertainment
Tag: Big Hit Entertainment
Big Hit Entertainment Shares Debut On Stock Market At Double Their IPO Price
Big Hit Entertainment has made an impressive stock market debut! On October 15 local time, Big Hit Entertainment was officially listed on the Korea Composite Stock Price Index (KOSPI), the index of all common stocks traded on the Stock Market Division of the Korea Exchange and the equivalent of the United States’ S&P 500. As… Continue reading Big Hit Entertainment Shares Debut On Stock Market At Double Their IPO Price
Big Hit Entertainment Closes Retail Subscriptions For IPO With 2nd Highest Deposits Recorded In Korea
Big Hit Entertainment has closed retail investor subscriptions for its initial public offering (IPO). Applications were taken from October 5 to October 6. The total of subscription deposits gathered by Big Hit Entertainment’s four underwriters amounted to 58.4 trillion won (approximately $50.3 billion), and the average competition ratio was 606.97 to 1. Big Hit Entertainment’s subscription… Continue reading Big Hit Entertainment Closes Retail Subscriptions For IPO With 2nd Highest Deposits Recorded In Korea
Big Hit Entertainment Officially Opens IPO Subscriptions For Individuals
Big Hit Entertainment’s initial public offering (IPO) subscriptions began for retail investors, gathering over 8 trillion won (approximately $6.9 billion) in deposits on the first day. The company opened subscriptions for retail investors on October 5, taking applications from 10 a.m. to 4 p.m. KST. According to NH Investment & Securities, one of Big Hit Entertainment’s lead underwriters, the… Continue reading Big Hit Entertainment Officially Opens IPO Subscriptions For Individuals
Big Hit Entertainment Finalizes Public Offering Price For Stock Market
On September 28, Big Hit Entertainment revealed that the public offering price (POP) for their stocks was finalized to be at 135,000 won (approximately $115). Earlier this month, Big Hit Entertainment filed to go public on the stock market. The decision of the POP was made based on the results of the book building process, which took place on… Continue reading Big Hit Entertainment Finalizes Public Offering Price For Stock Market
Big Hit Responds To Report Of Acquiring Zico’s Agency KOZ Entertainment
Big Hit Entertainment may acquire KOZ Entertainment. On September 3, an industry representative reported that Big Hit Entertainment is planning to acquire KOZ Entertainment that was established by Zico. Big Hit Entertainment reportedly began the takeover process this year. In response to the reports, Big Hit Entertainment shared, “We are open to various opportunities, but nothing has been… Continue reading Big Hit Responds To Report Of Acquiring Zico’s Agency KOZ Entertainment
Big Hit Entertainment Files To Go Public On Stock Market
Big Hit Entertainment’s initial public offering (IPO) is officially kicking off. Big Hit Entertainment revealed that their registration statement was filed with the Financial Services Commission on September 2. Big Hit will be listing on the Korea Composite Stock Price Index (KOSPI), the index of all common stocks traded on the Stock Market Division of… Continue reading Big Hit Entertainment Files To Go Public On Stock Market
Big Hit Reveals BTS Concert And Album Plans, 2020 Financial Performance, And More
Big Hit Entertainment held a corporate briefing on August 13 to share the company’s plans and review their performance so far this year. Chairman Bang Si Hyuk started off by revealing that the company recorded 294 billion won (approximately $248.3 million) in consolidated revenue and 49.7 billion won (approximately $42 million) in operating profit in the… Continue reading Big Hit Reveals BTS Concert And Album Plans, 2020 Financial Performance, And More
Big Hit Entertainment Launches New Character Brand TinyTAN Based On BTS
Big Hit Entertainment has introduced TinyTAN, BTS-inspired animation characters! The agency previously launched BT21 characters with LINE and a doll collection with Mattel, and now, the agency has unveiled TinyTAN with upgraded looks to synchronize with the real BTS members. Under the concept of BTS manifesting their second self into characters, TinyTAN has a worldview that crosses the… Continue reading Big Hit Entertainment Launches New Character Brand TinyTAN Based On BTS
Big Hit Entertainment Passes Preliminary Screening For IPO
Big Hit Entertainment has passed the preliminary screening for its planned initial public offering (IPO). The agency has been approved for listing on the Korea Composite Stock Price Index (KOSPI). KOSPI is the index of all common stocks traded on the Stock Market Division of the Korea Exchange. It is the representative stock market index of South… Continue reading Big Hit Entertainment Passes Preliminary Screening For IPO