‘Baby Shark’ Creator Pinkfong Applies for IPO in South Korea

The company behind “Baby Shark,” the most watched YouTube video of all time, will go public in South Korea.

Pinkfong Co. submitted the paperwork to apply for an initial public offering on the small-cap Kosdaq index on Thursday, the company said in an email.

Though Pinkfong declined to comment on the size of the deal, Korea Economic Daily reported the company may fetch a valuation of about 700 billion won ($507 million).

“Baby Shark soft toys.

Photographer: SeongJoon Cho/Bloomberg

Watched almost 16 billion times, the Korean jingle is more than 7 billion views ahead of Luis Fonsi’s “Despacito” on YouTube as kids ...