Cube Entertainment  announced recently that it would become a publicly listed company through its merger alongside affiliation iHQ with Woori SPAC (Special Purpose Acquisition Company) No2, which is listed on the KOSDAQ. Subsequently, they will be joining the only other public agencies so far, YG, SM, and JYP Entertainment (the Big 3).  But that is not all as FNC Entertainment is also planning to go public as well by filing an IPO in the fall.  

SEE ALSO: Cube Entertainment forms strategic partnership with iHQ in aims of becoming the top company in the entertainment field

For the merger criteria between Cube Entertainment's merger with Woori SPAC No2, the market capitalization for Cube was 45 billion won (~ $44 million USD) while for Woori SPAC No2, it was 16 billion won (~ $15 million USD).  Through this merger, Cube was able to be listed on the KOSDAQ, hence securing an investment source and drastically reinforcing its music enterprise.  

Meanwhile, FNC Entertainment chose Eugene Investment & Securities Co., Ltd. as the underwriters and will be filing an IPO in the fall time to likewise become a public company.  The company's sales for 2013 were 49 billion (~ $49 million USD).