• Login
Thursday, October 6, 2022
  • 한국어한국어
PRESSREELS
  • Music
    • POP
    • Latin
    • K-POP
    • Industry
  • Original
    • Interview
    • Review
    • Music Video Review
    • Video
  • Discovery
    • CELEB
    • Fashion
    • Media
    • News
    • Business
  • KOREANNEW
No Result
View All Result
  • 한국어
PRESSREELS
  • Music
    • POP
    • Latin
    • K-POP
    • Industry
  • Original
    • Interview
    • Review
    • Music Video Review
    • Video
  • Discovery
    • CELEB
    • Fashion
    • Media
    • News
    • Business
  • KOREANNEW
No Result
View All Result
  • 한국어
PRESSREELS
Big Hit Entertainment, an agency that has raised BTS as a world-class group, is pushing for the listing of the securities market. As Big Hit pushes for listing, the IPO market, which had previously shrunk in the aftermath of the Corona 19, is expected to boost. The Korea Exchange said on May 28 that Big Hit Entertainment submitted an application for preliminary screening for listing on the stock market. Big Hit is a music production and management company established in February 2005, and includes singer Lee Hyun and idol group TOMORROW X TOGETHER, which is recognized around the world. Bang Si-hyuk, chairman of Big Hit, holds a 45.1 percent stake as of the date of application for the preliminary hearing. Last year's consolidated sales were $587.2 billion (587.2 billion won. Operating profit was 98.7 billion won, compared with about 85.9 billion won, which is the combined operating profit of SM Entertainment (40.4 billion won), JYP Entertainment (43.5 billion won), and YG Entertainment (2 billion won). Its net profit was 72.4 billion won. NH Investment & Securities Co., Korea Investment & Securities Co. and JP Morgan Co. were the main organizers of the listing. Mirae Asset Daewoo was selected as co-host. The exchange shall conduct the examination within 45 business days after receiving the application for preliminary examination for listing. The company submits an application for listing within six months from the date it is notified of the results of the preliminary examination and proceeds with the public offering procedure. Unless there are variables, Big Hit is expected to enter the KOSPI within the year. Some in the stock market predict that the corporate value of Big Hit, which is calculated based on the PER ratio, will exceed at least 2 trillion won. Many industries predict that if Big Hit enters the stock market, it will become a "leader of the Korean entertainment industry" that surpasses SM, JYP, and YG. The entertainment industry has also been eyeing the listing of Big Hit as a factor that will change the landscape of the industry. Starting as a small and medium-sized agency, Big Hit has achieved rapid sales growth with BTS' global success, which debuted in 2013. Recently, it has acquired Source Music, which is affiliated with girl group (G)-FRIEND, and Pledis Entertainment, which includes idol groups Seventeen and NU'EST, and is also trying to diversify its business by separating corporations by business areas such as platforms, IPs, and performances.

BTS’ agency Big Hit Applying for Listening – 45% stake in Bang Si-hyuk

Big Hit Entertainment, an agency that has raised BTS as a world-class group, is pushing for the listing of the securities market. As Big Hit pushes for listing, the IPO market,
Abhishek JariwalabyAbhishek Jariwala
May 29, 2020 12:19 am KST
Tags: BANG SI-HYUKBIG HITBIG HIT ENTERTAINMENTBTS

Big Hit Entertainment, an agency that has raised BTS as a world-class group, is pushing for the listing of the securities market.

Big Hit Entertainment, an agency that has raised BTS as a world-class group, is pushing for the listing of the securities market. As Big Hit pushes for listing, the IPO market, which had previously shrunk in the aftermath of the Corona 19, is expected to boost. The Korea Exchange said on May 28 that Big Hit Entertainment submitted an application for preliminary screening for listing on the stock market. Big Hit is a music production and management company established in February 2005, and includes singer Lee Hyun and idol group TOMORROW X TOGETHER, which is recognized around the world. Bang Si-hyuk, chairman of Big Hit, holds a 45.1 percent stake as of the date of application for the preliminary hearing. Last year's consolidated sales were $587.2 billion (587.2 billion won. Operating profit was 98.7 billion won, compared with about 85.9 billion won, which is the combined operating profit of SM Entertainment (40.4 billion won), JYP Entertainment (43.5 billion won), and YG Entertainment (2 billion won). Its net profit was 72.4 billion won. NH Investment & Securities Co., Korea Investment & Securities Co. and JP Morgan Co. were the main organizers of the listing. Mirae Asset Daewoo was selected as co-host. The exchange shall conduct the examination within 45 business days after receiving the application for preliminary examination for listing. The company submits an application for listing within six months from the date it is notified of the results of the preliminary examination and proceeds with the public offering procedure. Unless there are variables, Big Hit is expected to enter the KOSPI within the year. Some in the stock market predict that the corporate value of Big Hit, which is calculated based on the PER ratio, will exceed at least 2 trillion won. Many industries predict that if Big Hit enters the stock market, it will become a "leader of the Korean entertainment industry" that surpasses SM, JYP, and YG. The entertainment industry has also been eyeing the listing of Big Hit as a factor that will change the landscape of the industry. Starting as a small and medium-sized agency, Big Hit has achieved rapid sales growth with BTS' global success, which debuted in 2013. Recently, it has acquired Source Music, which is affiliated with girl group (G)-FRIEND, and Pledis Entertainment, which includes idol groups Seventeen and NU'EST, and is also trying to diversify its business by separating corporations by business areas such as platforms, IPs, and performances.

As Big Hit pushes for listing, the IPO market, which had previously shrunk in the aftermath of the Corona 19, is expected to boost.

The Korea Exchange said on May 28 that Big Hit Entertainment submitted an application for preliminary screening for listing on the stock market.

Big Hit is a music production and management company established in February 2005, and includes singer Lee Hyun and idol group TOMORROW X TOGETHER, which is recognized around the world. Bang Si-hyuk, chairman of Big Hit, holds a 45.1 percent stake as of the date of application for the preliminary hearing.

Last year’s consolidated sales were $587.2 billion (587.2 billion won. Operating profit was 98.7 billion won, compared with about 85.9 billion won, which is the combined operating profit of SM Entertainment (40.4 billion won), JYP Entertainment (43.5 billion won), and YG Entertainment (2 billion won). Its net profit was 72.4 billion won.

NH Investment & Securities Co., Korea Investment & Securities Co. and JP Morgan Co. were the main organizers of the listing. Mirae Asset Daewoo was selected as co-host. The exchange shall conduct the examination within 45 business days after receiving the application for preliminary examination for listing.

The company submits an application for listing within six months from the date it is notified of the results of the preliminary examination and proceeds with the public offering procedure.

Unless there are variables, Big Hit is expected to enter the KOSPI within the year.

Some in the stock market predict that the corporate value of Big Hit, which is calculated based on the PER ratio, will exceed at least 2 trillion won.

Many industries predict that if Big Hit enters the stock market, it will become a “leader of the Korean entertainment industry” that surpasses SM, JYP, and YG. The entertainment industry has also been eyeing the listing of Big Hit as a factor that will change the landscape of the industry.

Starting as a small and medium-sized agency, Big Hit has achieved rapid sales growth with BTS‘ global success, which debuted in 2013. Recently, it has acquired Source Music, which is affiliated with girl group (G)-FRIEND, and Pledis Entertainment, which includes idol groups Seventeen and NU’EST, and is also trying to diversify its business by separating corporations by business areas such as platforms, IPs, and performances.

READ MORE

Previous Post

BTS, 7th Anniversary of Their Debut ‘2020 BTS FESTA’ Starts

Next Post

Apink Cho-rong’s first lead film, ‘The Bad Family,’ will be released in July

Abhishek Jariwala

Abhishek Jariwala

Abhishek is associated with PressReels and team for a long time as an Author and has a keen interest in sharing news and leaks related to technology. Contributor not activated

TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
TREND
Next Post
Apink Cho-rong's first lead film, 'The Bad Family,' will be released in July

Apink Cho-rong's first lead film, 'The Bad Family,' will be released in July

Make an Appearance on Mnet's 'Voice Korea 2020' BoA

Make an Appearance on Mnet's 'Voice of Korea 2020' BoA

  • Music
  • Original
  • Discovery
  • KOREAN

PRESSREELS is a future-oriented entertainment lifestyle brand that provides various content while being a media platform covering the United States and the United Kingdom.

A Part of Saint Modern Communication
© 2021 Saint Modern Communication. All rights reserved. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. PRESSREELS.com may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. The material on this site may not be reproduced, distributed, transmitted, cached, or otherwise used, except with the prior written permission of Saint Modern Communication. Ad Choices

PRESSREELS

ABOUT US
CONTACT US

©2017-2021 PRESSREELS.COM Magazine. All Rights Reserved.

No Result
View All Result
  • Music
    • POP
    • Latin
    • K-POP
    • Industry
  • Original
    • Interview
    • Review
    • Music Video Review
    • Video
  • Discovery
    • CELEB
    • Fashion
    • Media
    • News
    • Business
  • KOREAN

©2017-2021 PRESSREELS.COM Magazine. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In