Shares of South Korea’s The Pinkfong Company soared on Tuesday following its market debut, reaching a high of 61,500 won per share, well above its initial public offering (IPO) price of 38,000 won. Pinkfong is known for creating and distributing popular content, including the viral animation “Baby Shark.”
“Baby Shark” Creators Pinkfong IPO Soars 62% on Market Debut in South Korea
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