Big Hit Entertainment, the Netmarble-backed talent management agency and record company, priced its initial public offering at the top of its range.
Big Hit Entertainment, the South Korea-based talent management agency and record producer backed by mobile game developer Netmarble, has priced an initial public offering that will raise almost KRW963bn ($842m).
The offering will consist of 7.13 million shares issued on South Korea’s Kospi stock exchange that were priced at the top of their range at roughly $118 per share. It has been scheduled for October 15 and will give Big Hit a market capitalisation of about $4.2bn.
About 60% of…
