‘Baby Shark’ Producer Dismisses Speculation of $1 Billion IPO
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The company behind Youtube sensation “Baby Shark” dismissed speculation it’s preparing for an initial public offering in South Korea that would value the firm at $1 billion.
Pinkfong Co. hasn’t made a decision on an IPO, although it will keep reviewing the appropriate timing for a potential listing, the Seoul-based company said in a text message Friday. The Seoul Economic Daily reported Wednesday that the company, formally known as Smartstudy, will submit a preliminary listing application to the Korea stock exchange next month.