The South Korean company behind the hit children’s song “Baby Shark” popped in its trading debut, as investors snapped up shares of the studio behind YouTube’s most-watched video.
The “Baby Shark” video has been watched more than 16bn times on YouTube since its release in 2016 as children — and their caregivers — became hooked on the catchy song and simple dance.
Pinkfong’s shares jumped as much as 62 per cent to a high of Won61,500 ($42) on Tuesday morning after raising Won76bn from an initial public offering.
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