Big Hit Entertainment is nearly set to be officially listed on the Korean Stock Exchange after their first application was approved by the Korea Exchange (KRX).
According to the KRX on August 7, Big Hit Entertainment qualified for listing following the preliminary screening conducted by the KRX. As a result of the approval, Big Hit Entertainment is expected to officially have it’s own ticker-tag and enter the stock market within 2020, as long as there are no extenuating circumstances.
From the perspective of the company, it would be advantageous for them to go public this year, when market liquidity is abundant. Big Hit as well understands this, and they have set a goal for listing within the second half of this year.
— SK Securities Lee So Joong
Under the rules for being listed on the Korean Stock Exchange, companies must submit a new application for listening and proceed with the IPO process within 6 months from the date that their preliminary application was accepted.
Currently, Big Hit Entertainment houses 3 artists: BTS, Lee Hyun, and TXT. Big Hit Entertainment chairman Bang Si Hyuk held 43.4% stake in the company at the time of the application process.
Many experts in the industry estimate Big Hit Entertainment to garner a value of over $2 billion USD, based on their earning potential and BTS’s global influence.
