Samsung-backed AI chip firm Rebellions targets IPO in South Korea next year, CEO tells CNBC
Rebellions, a Samsung-backed AI chip firm, is planning to go public in South Korea next year, according to its CEO Sunghyun Park. The company is leaning towards listing on the KOSPI over the KOSDAQ due to its alignment with the Korean government's megaproject on AI infrastructure. Rebellions is currently generating real revenue and is preparing for the IPO with underwriters J.P. Morgan and Samsung Securities.
- ▪Rebellions is targeting an initial public offering in South Korea in the first or second quarter of next year.
- ▪The company is leaning towards a listing on the KOSPI over the KOSDAQ.
- ▪Rebellions is currently generating real revenue and is preparing for the IPO with underwriters J.P. Morgan and Samsung Securities.
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Rebellions is targeting an initial public offering in South Korea in the first or second quarter of next year, the CEO told CNBC exclusively, as it looks to capitalize on massive investor interest in AI chips. Sunghyun Park, CEO of Rebellions, told CNBC that the company is leaning toward a listing on the KOSPI over the KOSDAQ."Real revenue is now being generated. That's why we are preparing the IPO with underwriter at J.P. Morgan and [Samsung Securities]," Park told CNBC on Wednesday."Basically, our investors prefer the Korea market, KOSPI actually, because we are well aligned with the Korean government megaproject, one of the largest commitments into AI infrastructure in the world," he added.Park said the company was also evaluating other listing options, such as the U.S., and was…
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