The agency that handles BTS, Big Hit Entertainment, has been given preliminary approval for an initial public offering on the Korea Exchange. Big Hit has passed the initial test needed to become a publicly traded company, the next step is to file what is known as a securities registration statement. After that, no immediate time frame on becoming public is known, but you’re not going to go through all this steps unless you plan on doing it.
Owning stock in Big Hit wouldn’t be just BTS, of course, it would include their roster including acts like Tomorrow X Together and Gfriend.
It’s possible the purpose of Big Hit going public would be to bring in additional funds to fuel further expansion, something they’ve already been doing. Big Hit bought label Source Music and also the game company Superb Corp. They’ve also invested in the label Pledis, which includes Nu’Est and Seventeen.
So, going public, what does this mean for us? As a public company, anyone in South Korea with a trading account would be able to buy stock in Big Hit Entertainment. For those of us not in Korea, you’ll need to open a Global Account. I’d suggest you read up on that before you get to far. Investopedia
This is not an endorsement of Big Hit and it’s upcoming IPO. I don’t own stock or have any financial interests in any of the companies mentioned in this article.
So what else is BTS up to? A new single in 11 days.
As you can see, they scheduled a photo shoot to go along with the new single. Looks like a big release. Can’t wait! And neither can anyone else. The presale purchases have been off the charts!
The English Language single is expected to drop August 21st.
How about some HD BTS pics while we wait? Of course!