Why Pinkfong, the Company Behind Baby Shark, Is Listing on Korean Stockmarket

Why Pinkfong, the Company Behind Baby Shark, Is Listing on Korean Stockmarket



Why Pinkfong, the Company Behind Baby Shark, Is Listing on Korean Stockmarket

“Baby Shark Dance” became a global earworm almost a decade ago, but the viral jingle — which has racked up more than 16 billion views on YouTube — still ranks among the internet’s most recognizable pieces of children’s entertainment.

Riding that unprecedented success, creator Pinkfong Co. is debuting on South Korea’s small-cap Kosdaq market on Nov. 18, aiming to expand beyond toddlers’ screens and prove it can be a full-fledged media company capable of producing the next breakout hit. Investors who snapped up the firm’s 76 billion won ($53 million) initial public offering are also betting that Pinkfong can recreate the Baby Shark magic.


www.bloomberg.com
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