‘Baby Shark’ Producer Dismisses Speculation of $1 Billion IPO

The company behind Youtube sensation “Baby Shark” dismissed speculation it’s preparing for an initial public offering in South Korea that would value the firm at $1 billion.

Pinkfong Co. hasn’t made a decision on an IPO, although it will keep reviewing the appropriate timing for a potential listing, the Seoul-based company said in a text message Friday. The Seoul Economic Daily reported Wednesday that the company, formally known as Smartstudy, will submit a preliminary listing application to the Korea stock exchange next month.

“Baby Shark,” the one-and-a-half minute song about a family of sharks, is the most-watched video ...