Baby Shark creator Pinkfong goes public with $372m valuation

The company behind Baby Shark has gone public in South Korea, with The Pinkfong Company raising KRW 76bn ($51.9m at current exchange rates) in its IPO. Bloomberg reported that this values Pinkfong at KRW 545bn ($372m), although that’s a comedown from the days – in 2021 – when it was valued at more than KRW 1tn. Still, the IPO went […] The post is from Music Ally.