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With BTS topping the Billboard Hot 100 for the first time as a Korean singer, Big Hit Entertainment began their IPO journey in earnest with the goal of appearing on the KOSPI in October.
Big Hit Entertainment (Chairman Bang Si-hyuk, hereafter Big Hit) announced that it had submitted a report of shares for listing on the KOSPI to the Financial Services Commission on the 2nd. Big Hit has offered 7.13 million shares for this listing. The expected public offering price is 105,000 to 135,000 won, and the resulting public offering amount is 7487 billion to 962.6 billion won. In particular, according to the stock report, on the 3rd of last month, Chairman Bang Si-hyuk donated a total of 47.8695 shares to 7 members of BTS, RM, Jin, Sugar, J-Hope, Jimin, V and Jungkook. With this, BTS has 68,385 shares of Big Hit shares per member. Chairman Bang Si-hyuk, the largest shareholder, held a total of 12,373,377 shares, representing 36.7% of the shares after the public offering. As a result, the members will have shares worth 6,642.3825,000 won and 9.23197 million won per person, based on the public offering price of 7 members. There is a good chance that it will more than double after listing. If Big Hit decides the bid price at the upper limit of the desired range and records “ Daesang (the initial price on the trading day doubles the initial price on the trading day and then rises to the upper limit) ” on the first trading day , the value of the shares held by the members will be 24 billion, 313,500 won per person. In this case, Big Hit’s stock price rises to 351,000 won by calculation.
In the industry, Big Hit is anticipated to continue the popularity of public offering stocks. Na Seung-du, a researcher at SK Securities, said: “As Kakao Games achieved the largest subscription box office in history, investors are expected to remain interested in Big Hit Entertainment.” BTS was the first Korean singer to top the American Billboard ‘Hot 100’ chart with their new single ‘Dynamite’. Previously, BTS, which had topped the ‘Billboard 200’ four times on another top chart, held the ‘Hot 100’ and dominated both Billboard charts. This is also the first Korean singer.
Meanwhile, Big Hit is an entertainment content company founded by President Bang Si-hyuk in 2005. Under the mission of ‘Music and Artist to Cure’, it presents a new business model for the music industry. . Big Hit’s formula for success connecting fans around the world through powerful content leading global trends and online platforms is leading the innovation of the music industry in Korea and around the world.
Representative artists include BTS called ’21st Century Beatles’ and Together’s global super rookie Tomorrow. Additionally, over the past year, it acquired Source Music and Pledis Entertainment to build a strong lineup of artists with girlfriends, Seventeen and NU’EST.
As a result, Big Hit posted KRW 299.4 billion in sales and KRW 49.8 billion in consolidated K-IFRS-based operating profit despite the impact of the Corona 19 pandemic in the first half of this year. Even under difficult conditions, such as the suspension of affiliated artist tours, sales and operating profit were comparable to the first half of last year, showing a strong appearance and profitability. These Big Hit management accomplishments include ▶ A strong artist background ▶ Expanding the indirect artist engagement business ▶ Establishing a Big Hit ecosystem focused on its own platform and ▶ Professional management competence and strategy to ensure the proactive infrastructure for respond quickly to changes in the business environment. Tow.
Big Hit said: “We achieved business diversification and platform innovation while focusing on the essence of content and fans. In particular, the five Big Hit Labels artist teams that were active in the first half of this year achieved overwhelming achievements in the field of registries and Through the Weverse platform, we have implemented a ‘Big Hit Ecosystem’ that integrates labels, businesses and fandom, and is sustainable through indirect participatory earnings that produce various derivative content (One Source Multi Use) based on strong IP (Intellectual Property Rights). We have confirmed the growth potential. “
Going forward, Big Hit plans to accelerate its growth with the goal of becoming a ‘top-tier global entertainment lifestyle platform company’ delivering artistic and music-related content throughout life through the expansion of artists’ intellectual property and the combination with heterogeneous industries. /[email protected]
[사진] Big Hit Entertainment
