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( NewsNation ) — Remember the “Baby Shark” phenomenon that swept the entire world? Well, the company that published the song is now worth hundreds of millions.

Pinkfong, which debuted on the South Korean stock market last week, watched its shares rise more than 9%, establishing a valuation of more than $400 million .

“We didn’t expect it to stand out from our other content,” Mr Kim, Pinkfong’s chief executive, said of “Baby Shark.”

Pinkfong was founded in 2010 as SmartStudy, and was a f

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