MarketPR
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.
Keep reading