Pinkfong Company IPO: 846.9:1 Oversubscription, ₩8 Trillion in Deposits

Global family entertainment powerhouse The Pinkfong Company has successfully completed its public subscription ahead of its KOSDAQ listing. Amid strong market interest, the public subscription recorded an overwhelming competition ratio of 846.9:1, signaling unprecedented success. For the public subscription held on November 6th and 7th, over 420 million shares were subscribed for an allocation of 500,000 shares, generating a subscription deposit of approximately 8.0452 trillion won. This final confirmed figure, excluding duplicate subscriptions between brokerage firms, clearly demonstrates investors' high expectations for The Pinkfong Company. Previously, in the demand forecasting for domestic and international institutional investors held from October 28th to November 3rd, a total of 2,300 institutions participated, achieving a competition ratio of 615.9:1. The offering price was set at 38,000 won, the top end of the desired band, predicting early success. The funds secured through this public offering will be fully invested in securing The Pinkfong Company's future growth engines. The plan is to focus on developing and launching new IPs, advancing production processes, producing premium animation, and expanding global LBE (Location-Based Entertainment). In particular, the company unveiled an ambitious plan to apply a data-driven global production system to shorten the IP release cycle and expand the IP lifecycle with feature-length animations and offline experiential content. Furthermore, it aims to maximize profitability and scalability in the global market by enhancing multilingual localization efficiency and production quality through its proprietary AI solution 'OneVoice'. CEO Kim Min-seok expressed his ambition, stating, "We thank the investors who resonated with The Pinkfong Company's growth potential and vision. We will strive to enhance shareholder value by growing into an 'Enter-tech company' that sets new standards in the global content market with data and technology." The Pinkfong Company is scheduled to make its splendid debut on the KOSDAQ market on November 18th, following payment on November 11th. Mirae Asset Securities and Samsung Securities have been appointed as joint lead underwriters.