Korea’s Big Hit tops 2020 charts with $820m IPO

By Jonathan Breen
28 Sep 2020

South Korea's Big Hit Entertainment, the talent manager behind globally-popular boy band BTS, has sealed the country’s largest listing in three years as investors continue to flock to Korea's IPO market.

Big Hit wrapped up a two-week roadshow last Friday and, with over 1,000 institutional investors in the final book, priced its IPO at the top of the marketed range. That raised the company W962.6bn ($820.4m), said a source close to the deal.

The company is floating 7.13m shares, ...

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