The agency that handles BTS, Big Hit Entertainment, has been given preliminary approval for an initial public offering on the Korea Exchange, according to Variety. Big Hit has passed the initial test needed to become a publicly-traded company, and the next step is to file what is known as a securities registration statement.
Big Hit’s roster goes beyond BTS: they also represent 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.
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. Learn how to do that at Investopedia
Meanwhile, BTW is preparing to release a new single, “Dynamite.”