‘Baby Shark’ Creator Seeks Up to $55 Million From Seoul IPO (1)

The entertainment company behind ‘Baby Shark Dance,’ the most-watched YouTube video of all time, is seeking to raise as much as 76 billion won ($54.6 million) via an initial public offering in Seoul.

South Korea’s Pinkfong Co. plans to issue 2 million new shares at 32,000 to 38,000 won apiece, according to a prospectus filed Monday. At the top of the price range, the deal values the company at about 545 billion won, Bloomberg calculations show.

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