SEOUL (Reuters) – Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, said on Wednesday it plans to raise up to 962.6 billion won ($811 million) in its planned initial public offering.
It plans to offer about 7.1 million shares at an indicative price range of 105,000-135,000 won per share, Big Hit said in a regulatory filing.
It is expected to list some time in October.
Reporting by Joyce Lee; editing by Jason Neelyread more
BTS label Big Hit Entertainment IPO could raise over $800 million – Reuters
