A Japan-linked investment group says it plans to launch a tender offer for up to 50% of K-pop company JYP Entertainment.
The NEXROC Group and SVCV, Inc. said in a press release sent to Korean media on Monday (October 26) that they are considering an offer for between 25% and 50% of JYP’s issued shares.
The pair floated a price at a 30% premium to a reference share price, with the offer targeted to start on November 20.
JYP, the company behind Stray Kids and TWICE, said on Monday that it had not received any proposal relating to the acquisition of a stake.
NEXROC and SVCV’s press release stated that the tender offer has not commenced, that its expected price and timing are not binding commitments, and that the announcement does not mean JYP or its board approves of or supports the proposed deal, Korean outlet Money Today reported.
The news moved JYP‘s share price regardless: On Tuesday (October 27), the stock rose by more than 10% during the session and closed up 6.81% at 38,450 won.
At that closing price, JYP has a market capitalization of approximately 1.37 trillion won (around USD $1.03 billion).
According to the press announcement, as reported by multiple Korean outlets, NEXROC and SVCV plan to deliver a non-binding letter of intent to JYP before launching any offer, followed by around 30 days of negotiations.
If no agreement is reached, the pair said they will announce separately whether a tender offer will proceed, and on what terms.
The bid’s reference price has yet to be set, but if it were JYP’s closing price of 36,000 won on Monday, a 30% premium would equate to 46,800 won per share – valuing a 50% stake in the K-pop firm at approximately 831 billion won (around $628 million).
A stake of 25% or more would exceed the shareholding of JYP founder and Chief Creative Officer Park Jin-young.
Park is JYP’s largest shareholder, with a stake of 15.37%. That stake rises to 15.82% together with Park’s related parties, according to Korean media reports.
NEXROC‘s website says the group was established in February 2026, and lists headquarters in New York and Tokyo.
A news item on the same site, dated July 29, says the group will relocate its headquarters from New York to Hong Kong, effective 2027.
The site describes SVCV, Inc. as the group’s cultural holding company, and names David Liu as President.
Earlier this month, NEXROC announced plans to launch tender offers for two publicly listed life insurers – one in the US and one in Australia – by November 10, without naming either target.
NEXROC has not publicly set out how it would fund an offer for JYP.
Money Today reported on Tuesday that a filing made with the US Securities and Exchange Commission in the group’s name this month lists a $50 million securities offering, with the number of investors recorded as zero.
Under Korea’s Capital Markets Act, a tender offer requires the bidder to file a registration statement with financial authorities alongside proof of funds, a capital markets source told Money Today.
K-pop has seen a tender offer contest before.
In 2023, HYBE‘s tender offer for shares in SM Entertainment fell short, with only 233,817 shares tendered.
Kakao then launched an offer of 150,000 won per share for SM, as part of a plan to build a 35% stake that could have cost up to 1.25 trillion won (around $960 million at the time).
JYP reported revenues of 183.1 billion won for the second quarter of 2026, down 15.1% year-over-year.
The company’s net profit for the quarter fell 40.3% YoY to 21.7 billion won.
JYP attributed the revenue decline to a high base of comparison from the same quarter of 2025, when Stray Kids‘ dominATE world tour was still running.Music Business Worldwide