Excitement builds as S. Korea firm behind BTS nears IPO

Investors are anxiously awaiting as the South Korean entertainment company behind hugely popular K-pop boy band BTS plans its initial public offering next Thursday, with its market value expected to reach 4.8 trillion won ($4.14 billion).As institutional investors sought a slice of Big Hit Entertainment shares, the company’s IPO price has reached the top end of the range indicated by it earlier. As a result, the company is set to raise around 960 billion won from debuting on the Korea Exchange.Seven members of the band, who are all in their 20s, will each receive shares worth 9.2 billion won.S…

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HEDGE accordingly