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  • Big Hit To Make Big Splash On Stock Market Debut

This photo, provided by Big Hit Entertainment, shows BTS during a performance for NPR's Tiny Desk Concerts in September.
This photo, provided by Big Hit Entertainment, shows BTS during a performance for NPR's Tiny Desk Concerts in September.
Big Hit Entertainment, the management agency of K-pop supergroup BTS, will make its debut on South Korea's key stock index KOSPI this month.

It is expected to emerge as the top entertainment pick this year when it opens subscription for retail investors Monday and Tuesday.

The label is issuing its shares at 135,000 won or roughly 115 dollars each, with its listing date set for October 15.

Based on the offering price, Big Hit is forecast to raise 962.6 billion won through the planned IPO, with its market value estimated to reach nearly 4.8 trillion won.

The projected market capitalization of the company is well above the combined market capitalization of the nation's big three management agencies -- JYP Entertainment, YG Entertainment and SM Entertainment.

The planned IPO is of keen interest as BTS made history last month by becoming the first South Korean act to top Billboard's Hot 100 singles chart with its disco-pop single "Dynamite."

<Photo: Yonhap News>

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