Mogul Behind K-Pop Boy Band BTS Considers IPO [Bloomberg Business News]
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Source: Bloomberg Business News
The South Korean mastermind behind K-pop band BTS, which was tweeted about more than any celebrity in the world this year, is considering an initial public offering as the $5 billion industry that unleashed Psy’s “Gangnam Style” climbs the charts in the U.S. and China. Big Hit Entertainment has talked with its shareholders -- which included Legend Holdings Corp. ’s venture-capital arm and LB Investment -- about an IPO, Bang Si Hyuk, the company’s chief executive officer and founder, said during an interview at his office in Seoul. There are no current plans, and details such as the timing and scale of the offering have yet to be worked out, he said. K-pop band BTS perform at a concert at the Gocheok Sky Dome, Seoul in Dec. 2017. Source: BigHit Entertainment “We’d like to do a meaningful public offering," Bang, 45, said in his first public acknowledgment about a potential sale. Still, the company needs to become bigger and establish a sustainable production
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