Bulletproof Youth League parent company prepares for listing, valuing value s $5 billion

Beijing time 25, according tomedia reports, South Korea’s ultra-popular men’s group bulletproof youth group (BTS) parent company Big Hit Entertainment has hired JPMorgan Chase and other preparing for the listing. The IPO is likely to be one of the biggest in South Korea’s entertainment industry in years, with a valuation expected to be as high as 6 trillion won ($5 billion), according to people familiar with the matter.

Bulletproof Youth League parent company prepares for listing, valuing value s $5 billion

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Founded in 2015, Big Hit has won the Bulletproof Youth League, helping it gain a global reputation and becoming the first Korean group to win the U.S. Billboard Music Award. The band will begin a new world tour in April.

Analysts believe this will be the right time for Big Hit to go public as the popularity of the Bullet-Proof Youth Group peaks. But some are sceptical about its high valuation, pointing out that members of the Bullet-Proof Youth League will reach the legal age of military service within a few years, allowing Big Hit”, a valuable asset in its prime, to be temporarily disbanded for the foreseeable future. “

Big Hit’s operating profit nearly doubled to 64.1 billion won in 2018, according to regulatory filings. Its founder, Fang Shihe, is also the largest shareholder, holding about 43% of the company by the end of 2018.