Co-founder and CEO Park Sunghyun says the company plans a domestic IPO first, while also weighing an American listing via ADR later if market conditions permit.

Investor interest in semiconductor and AI stocks is broad, with indices like the PHLX Semiconductor index showing substantial gains.

Rebellions’ strategy is part of a broader wave of AI inference chip startups, aligning with Samsung, SK Hynix, and government-backed AI infrastructure funding.

Rebellions, a Samsung-backed AI chip startup, is aiming to go public in Korea in early 2027, with a potential listing on the KOSPI rather than the KOSDAQ, signaling a push to tap domestic demand for AI infrastructure.

The IPO plan comes as investors weigh AI stock momentum and the global competitive landscape remains led by U.S. firms.

Prominent backers include Wa'ed Ventures (Saudi Aramco), Samsung, SK Hynix, and SK Telecom, underscoring strong strategic support.

Korea’s National Growth Fund invested about 250 billion won in the latest round, marking the first direct government stake under the ‘K-Nvidia’ initiative to bolster a globally competitive chip industry.

The company sells server systems powered by Rebel100 NPUs, positioning itself in the AI inference chip market focused on fast, efficient model inferences.

Other sector activity includes Cerebras Systems’ U.S. IPO and SK Hynix preparing a U.S. Nasdaq listing to boost investor appetite for memory chips.

JP Morgan is slated to lead the IPO as underwriter, alongside Samsung Securities.

Rebellions raised roughly $400 million in its March funding round, valuing the company at about $2.34 billion, reflecting strong appetite for cost-efficient AI inference chips.

Park notes that the domestic market is preferred due to alignment with Korea’s AI infrastructure megaproject, while a U.S. listing remains a possible alternative depending on conditions.