REPORT: BIG HIT
BANKING ON IPO

Big Hit Entertainment has selected JPMorgan and three South Korean brokerage firms to handle its IPO, Reuters reported. The company’s valuation is expected to approach $7b.

The home of BTS has selected NH Investment & Securities, Korea Investment & Securities and Mirae Asset Daewoo along with JPMorgan to handle its initial public offering, which could be one of the largest in South Korea in ages.