Read more at NBCNews.com
— by Ahiza García-Hodges: Members of the popular South Korean “K-Pop” band BTS could each rake in as much as $7.7 million as shareholders when the label that represents them goes public, likely next month.
The band’s seven members each received a reported 68,385 common shares as a gift from Big Hit Entertainment CEO Bang Si-hyuk, which could mean they will each get 9.23 billion won of shares (more than $7.7 million) if the IPO is priced as expected. The pricing values Big Hit Entertainment at up to 4.8 trillion won (more than $4 billion)…
Image courtesy of Kevin Winter/Getty Images for dcp