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Posted by KpopJoA111 pts Wednesday, November 22, 2017

Big Hit Entertainment making preparations to go public by 2019?

BTS
Following the news of Big Hit Entertainment's immense growth�as BTS is receiving much popularity overseas, recently performing at the AMAs to winning an award at the 'Billboard Music Awards' over the summer, more details were revealed concerning the agency.


According to the Finance and Services Committee on November 22, BTS' agency Big Hit Entertainment is planning to file for an IPO in early 2019 and a preliminary screening on the Korea Exchange (KRX) in the second half of 2018. The company also hired a CFO for the intricate process and preparations for the initial public offering.



Big Hit Entertainment, just like the name, is looking to become a big hit if they do go public in the near future.� The agency started off small, however, things are changing rapidly thanks to BTS' success. Last year, they had a sales figure of 35.5 billion KRW ($32.6 million), which is around 1/10th of SM's sales figure. However, Big Hit has shown tremendous growth every year and 60 billion KRW ($55.1 million) is being forecast for the sales figure this year.


It is said that several brokerage firms in Korea are competing fiercely to be the underwriter for the IPO.�Due to the fees, brokerage firms can make a lot of money on an IPO.


These firms can receive 2-3% of the gross proceeds with an interest rate of 1.25% per annum.� As a result, these firms and investors are all currently trying to get a hold of Big Hit Entertainment.�Some of the companies trying to be the underwriter for Big Hit's IPO include Korea Investment & Securities, Samsung Securities, and Mirae Asset Daewoo.


Using the funds raised from the IPO, Big Hit plans to expand the scope of its future businesses and also return some of the money it received from venture capital firms.

  1. BTS
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salma08
salma080 pt Sunday, November 25, 2018 0
Sunday, November 25, 2018

quand ils disent que l'entreprise deviendra publique, je ne comprenais pas vraiment ce que cela signifiait ?


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