Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, priced its initial public offering at the top of its range on Monday, as hopeful buyers chased South Korea's largest listing in three years.
Big Hit priced the IPO at 135,000 won per share, it said in a regulatory filing, the top of an indicative price range of 105,000-135,000 won announced earlier this month. The pricing values Big Hit at about 4.8 trillion won, taking into account common shares plus redeemable preferred shares that will be converted into common shares upon the IPO.
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