BIG HIT ENTERTAINMENT CO. FILES FOR IPO ON KOSPI

Highlights –

• Big Hit Entertainment Co. files for IPO as a preliminary step on KOSPI
• The filing will be reviewed over the next 45 days.
• Bang Si Hyuk, the agency’s founder, and Co-CEO holds a 45.1 percent stake in the company.
• Big Hit’s valuation may reach at least $1.62 billion.

According to Korea Exchange on Thursday, Big Hit Entertainment C....