South Korean media company Pinkfong prices $53 million IPO on Kosdaq

thetimes.com [$]

South Korean media company Pinkfong, creator of the viral "Baby Shark Dance" video, has priced its initial public offering at $53 million on the Kosdaq market. The company aims to leverage the immense popularity of "Baby Shark Dance," which has over 16 billion YouTube views, to build a broader media empire. Pinkfong has expanded its brand across multiple YouTube channels and developed licensing and merchandising deals. Pinkfong plans to use IPO funds for global expansion, 3D content, and AI investment. The company has shown improved operating margins, reaching 20% in early 2025.


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South Korean media company Pinkfong prices $53 million IPO on Kosdaq | News Minimalist