Cube Entertainment and FNC Entertainment to Join the 'Big Three' Companies?

The 'Big Three' seems to have a new addition in the popular entertainment companies as Cube and FNC Entertainment join them

May 30, 2014 09:36 PM BST

TAGㆍJYP Entertainmentㆍ sm entertainmentㆍ CUBE Entertainmentㆍ FNC Entertainmentㆍ YG Entertainment

(Photo : Cube, YG, SM, JYP, FNC Entertainement)

Cube Entertainment has recently announced that it would become a publicly listed company through its merger as they make affiliation iHQ with Woorispec No2, which is listed on the KOSDAQ. Following that, they will be joining the only other public agencies also known as the 'Big Three', YG, SM, and JYP Entertainment.  While, FNC Entertainment has also plans to go public by filing an IPO in the fall.

For the criteria in merger of Cube Entertainment's merger with Woorispec No2, the market capitalization for Cube was 45 billion won ( US$44 million) while for Woorispec No2, it was 16 billion won (US$15 million). Due to this merger, Cube has been able to be on the KOSDAQ, therefore having a secured an investment source and drastically reinforcing its music enterprise.

Moreover, FNC Entertainment has picked Eugene Investment & Securities Co., Ltd. as the underwriters and is set to file an IPO in the fall time to likewise become a public company. The company's sales for 2013 were 49 billion (US$49 million).

TagㆍJYP Entertainmentㆍ sm entertainmentㆍ CUBE Entertainmentㆍ FNC Entertainmentㆍ YG Entertainment