Samsung-backed Rebellions targets KOSPI for South Korea IPO, CEO tells CNBC
An IPO on South Korea's KOSPI is the plan for Rebellions, the Samsung-backed AI chip firm, after CEO Sunghyun Park disclosed the company's exchange preference to CNBC and set a next-year timeline. Park said the company is leaning toward the main board over the KOSDAQ. The next marker for this setup is a formal listing application filed with South Korean regulators.
Key takeaways
- Rebellions, the Samsung-backed AI chip firm, plans to pursue an IPO on South Korea's KOSPI, according to CEO Sunghyun Park in a CNBC interview.
- Park said the company is leaning toward the KOSPI main board rather than the KOSDAQ exchange.
- The company is targeting a listing next year, though no specific date within the year was given.
- Park did not disclose a share count, price range, valuation figure, or underwriter, making the exchange preference the only actionable data point currently public.
- No prospectus has yet been filed with South Korean regulators, so the KOSPI listing remains a stated intention rather than a market event.
An IPO on South Korea's KOSPI is the plan for Rebellions, the Samsung-backed AI chip firm, after CEO Sunghyun Park disclosed the company's exchange preference to CNBC and set a next-year timeline. Park said the company is leaning toward the main board over the KOSDAQ. The next marker for this setup is a formal listing application filed with South Korean regulators.
Exchange preference
The KOSPI over the KOSDAQ call was the pointed detail in Park's CNBC appearance. Companies can choose between the two exchanges for a South Korean listing, and Park named the main board. What he did not give CNBC: a share count, a price range, a valuation figure, or an underwriter. The exchange preference is the only actionable data point in the public record right now. For a desk that tracks volume and open interest before price, a pre-IPO with no prospectus is noise.
What the source establishes
Rebellions is an AI chip developer backed by Samsung. Park, the company's CEO, made these remarks to CNBC. The company is targeting a next-year listing and named KOSPI as the preferred venue. That is the full extent of what has been disclosed. No revenue, no deal size, no funding round total, and no specific date within the year has been communicated publicly.
What to watch
A prospectus filed with South Korean regulators is what moves Rebellions onto the tape in a meaningful way. That document would contain the financial history, share structure, and pricing terms missing from Park's comments. Until that filing appears, the KOSPI listing is a stated intention. Park's CNBC interview is the record; the filing is the market event.
Filed by the macro desk of MarketPR on July 23, 2026. Source: cnbc.com. Indicative figures are not investment advice.