Two Firms Weigh Buying Up to Half of Stray Kids Label JYP Entertainment

Two companies say they are considering a bid for between a quarter and half of JYP Entertainment, the South Korean label behind Stray Kids and TWICE. NEXROC Group and SVCV, Inc. said in a press release sent to Korean media on October 26, 2026, that they are weighing a tender offer for 25% to 50% of the company's issued shares.

A tender offer is a public bid to buy shares directly from shareholders at a set price, for a set period. The two companies have floated an offer price at a 30% premium to a reference share price, meaning the bid would sit 30% above the benchmark value they used. They have targeted November 20 as the start date for the offer.

Before any bid, they plan to send JYP a non-binding letter of intent, a written statement of interest that commits neither side. That would be followed by about 30 days of negotiations, according to the companies.

JYP Entertainment has pushed back on the idea, at least for now. On October 26, the company said it had not received any proposal relating to the acquisition of a stake in the company.

The market reacted quickly. JYP shares closed at 38,450 won on October 27, up 6.81%, after rising more than 10% during the trading session. At that price, the company's market capitalisation, the total value of all its shares, was about 1.37 trillion won, or roughly $1.03 billion.

Channel NewsAsia put a figure on the larger stake. In its reporting, a 50% holding was valued at about 700 billion won, or about $528 million. Channel NewsAsia also reported the share jump, which was driven by the tender-offer reports.

The companies have not made an offer, and the November 20 start date is a target, not a commitment. A letter of intent does not bind anyone, and JYP has said it has received no proposal. Any deal would still have to pass through talks, and any offer would be set out formally before shareholders could sell.

For the artists and staff whose careers sit inside the company, the question is who would control the label that runs their schedules and contracts. No change to management or to any artist arrangement has been announced. The next public step would be the letter of intent, if one is delivered.

The Music Business Worldwide report on the offer plans, published on October 27, 2026, put the company's value above $1 billion on the same share price.