BTS Label Big Hit Valued at $4 Billion After Pricing IPO at Top of Range

Big Hit Entertainment, the label behind K-pop superstars BTS, has priced its initial public offering (IPO) at the top of its target range, on track for its goal to go public by the end of the year.
The K-pop powerhouse is issuing shares at 135,000 won ($115) each, the company said in a filing with the Korean Exchange on Monday (Sept. 28), the top end of the 105,000 to 135,000 won per share range the company previously announced. Big Hit will raise 962.6 billion won (roughly $820 million) th