The Pinkfong Company was strong in early trading on the 18th, the day it listed on the KOSDAQ market. The Pinkfong Company is an educational entertainment corporations that owns intellectual property (IP) such as "Baby Shark" and "Pinkfong."
As of 9:29 a.m. on the 18th, The Pinkfong Company was trading at 56,900 won on the KOSDAQ market, up 18,900 won (49.74%) from the offering price (38,000 won). It jumped to as high as 61,500 won in early trading, rising more than 60%.
From on the 28th to on the 3rd, The Pinkfong Company recorded a competition rate of 615.9 to 1 in demand forecasts for institutional investors. A total of 2,300 domestic and overseas institutions participated, and the offering price was set at the top end of the desired range, 38,000 won.
In the public offering subscription for retail investors held over two days on the 6th and 7th, the competition rate was 846.9 to 1. About 8.0042 trillion won in subscription deposits was collected.
Founded in 2010, The Pinkfong Company holds global intellectual property (IP) including Pinkfong, Baby Shark, Bebefinn, and Seallook. Last year, revenue was 77.569 billion won and operating profit was 18.811 billion won.