The Pinkfong Company Lists on KOSDAQ

- IPO listing ceremony held at the Korea Exchange on November 18, marking a milestone in The Pinkfong Company’s global growth journey
- Offering priced at KRW 38,000, drawing strong demand with a 615.9:1 institutional competition ratio and KRW 8 trillion in subscription deposits

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[SEOUL, November 18, 2025] – The Pinkfong Company (KOSDAQ: 403850, CEO Minseok Kim), the global entertainment company behind Baby Shark, today announced that it has completed its initial public offering (IPO) and officially began trading on the KOSDAQ market. The company’s shares opened at KRW 58,000, representing a 52.6% premium to the offering price of KRW 38,000.

A listing ceremony was held at the Korea Exchange (KRX) in Yeouido, Seoul, attended by Minseok Kim, CEO of The Pinkfong Company, along with executives from the KRX and the joint lead underwriters, Mirae Asset Securities and Samsung Securities. During the ceremony, Minseok Kim expressed his gratitude to employees, partners, and investors for their support and emphasized the company’s commitment to global growth and innovation through technology and creativity.

“The successful completion of our IPO marks a meaningful milestone for The Pinkfong Company,” said Minseok Kim, CEO of The Pinkfong Company. “We will continue to drive innovation in content and technology, expanding our global reach and building long-term value for our stakeholders.”

The IPO was priced at KRW 38,000 per share, raising approximately KRW 76 billion in total proceeds and bringing the company’s market capitalization to about KRW 545.3 billion at listing. The offering attracted strong interest from both institutional and retail investors, recording a 615.9:1 competition ratio in the institutional book-building and 846.9:1 in the retail subscription, with total subscription deposits reaching approximately KRW 8 trillion.

By leveraging its accumulated data and streamlined production model, The Pinkfong Company plans to strengthen its content pipeline, improve the efficiency of new IP launches, and expand its global location-based entertainment (LBE) footprint. The company will also continue advancing its AI-driven localization capabilities through its proprietary OneVoice solution, further improving multi-language efficiency and production quality to support broader global expansion and stronger monetization across markets.