The seven members of the K-pop supergroup BTS are set to make millions when their label Big Hit Entertainment goes public in October.
Demand for shares in Big Hit has hit record levels, driven in part by fans of the boy band, giving the music giant a valuation of $4.1 billion.
Big Hit's Oct. 15 IPO will be SouthKorea's largest in three years. The IPO will make Big Hit founder and co-CEOBang Si-hyuk, known widely as "Hitman" Bang, a billionaire.
In August, Bang gave each BTS member shares in the company, which are currently valued at almost $8 million. As well as being home toRM, Jin, Suga, J-Hope, Jimin, V, and Jungkook,Big Hit's roster includes the five-member boy band TXT and singer Lee Hyun.
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