BTS agency chief to be stock-rich after IPO

Big Hit Entertainment has been dubbed one of this year’s three big IPO deals in South Korea, along with biopharmaceutical blue chip SK Biopharmaceuticals and mobile game giant Kakao Games.

If Big Hit closes at the highest permissible on its debut day, Bang’s stockholding will soar to 4.34 trillion won, analysts said. This will make Bang the fifth-richest stockholder in South Korea to replace Hyundai Motor Group chairman Chung Mong-koo.In early August, the septet received a total of 478,695 shares, equally divided in seven. Each BTS member’s stock value could spike up to 24 billion won on the first day of listing.

Based on the offering price, Big Hit Entertainment is forecast to raise 962.6 billion won through the planned IPO, with its market value estimated to reach nearly 4.8 trillion won. Last year, the agency’s annual sales almost doubled to 587.2 billion won, with an operating profit of 98.7 billion won.

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