'Baby Shark' creator Pinkfong's shares take a dive after IPO

Business Nov 21, 2025

Pinkfong, the South Korean company behind the mega-viral "Baby Shark," just had a bumpy start on the stock market.
After its IPO, shares dropped 13% to 33,150 won (about ₹2,200), even though they briefly shot up by 62%.
The global market slump seems to have put a damper on investor excitement.

What else is going on?

Even with the drop, Pinkfong's IPO was wildly popular—investor demand was over 600 times higher than available shares, raising about ₹420 crore.
The company is hoping to build on "Baby Shark's" massive success (16 billion views and counting), but there are questions about whether it can pull off another viral hit.
Analysts say Pinkfong still has potential, especially as it looks to grow into a bigger media studio.