Tuesday, June 22

K-Pop group BTS’ label Big Hit Entertainment prices IPO at top of range


FILE PHOTO: BTS performs during New Year’s Eve celebrations in Times Square in the Manhattan borough of New York, U.S., December 31, 2019. REUTERS/Jeenah Moon

SEOUL (Reuters) – Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, priced its upcoming initial public offering (IPO) at 135,000 won ($114.99) per share, it said in a regulatory filing on Monday.

The pricing is at the top of an indicative price range of 105,000-135,000 won per share that Big Hit announced earlier this month. It is expected to list on the KOSPI .KS11 in October.

Reporting by Joyce Lee; Editing by Christian Schmollinger



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