According to the Korea Exchange (KRX), Big Hit Entertainment qualified in the preliminary screening for stock market listing eligibility. Under current rules set by KOSPI, companies must submit their applications to be listed in the stock market within six months of the day they are notified about their preliminary screen results. Big Hit will be expected to list on the stock market by the end of this year. KOSPI refers to a series of indexes that track the overall Korea Exchange that debuted in the early 1980s. KOSPI is the primary stock market index in South Korea and contains large companies. The Kosdaq, KoreaŌĆÖs secondary stock market index, contains small to medium-sized firms such as SM Entertainment, JYP Entertainment, and YG Entertainment. Investors predict that both foreigners and Koreans will be interested in purchasing Big Hit Entertainment stocks, as the company is well known overseas. Big Hit EntertainmentŌĆÖs enterprise value is predicted to be between 3.9 trillion won and 5.2 billion won. Based on reports from Hana Financial Investments, Big Hit is expected to generate 750 billion won in sales and 150 billion won in operating profits assuming the COVID-19 situation becomes better by next year. Big Hit Entertainment will be managed and advised by Korea Investment and Securities, NH Investment and Securities, Mirae Asset Daewoo, and JPMorgan Chase & Co. The operating profit of Big Hit Entertainment last year was 98.7 billion won. The operating profit of other entertainment companies SM Entertainment was 40.4 billion won, JYP Entertainment was 43.5 billion won, and YG was 20 billion won. Big Hit Entertainment was founded on February 4th, 2005 as a music production and management label. The company since acquired Source Music (music label) and Superb (gaming company). Earlier this year, Big Hit also became the majority stockholder of Pledis Entertainment (music label). Big Hit Labels is currently home to artists like Ā Lee Hyun, BTS, TXT, GFRIEND, SEVENTEEN, and NUŌĆÖEST. Source (1)
