S Korea's Big Hit Entertainment picks JPMorgan, others for IPO

S Korea's Big Hit Entertainment picks JPMorgan, others for IPO

REUTERS/Brendan McDermid

Big Hit Entertainment, the music label of South Korean boy band BTS, has chosen JPMorgan, NH Investment and Securities and others to handle its initial public offering (IPO), according to media reports

The IPO could be one of the largest in years in the country’s entertainment industry, with its total valuation expected to be as high as 6 trillion won ($5 billion), the reports said, citing industry sources.

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