A South Korean startup focused on artificial intelligence chips is setting its sights on a stock market debut, with plans to list shares on the Korean market in the first half of next year — and potentially on US exchanges after that.
Rebellions co-founder and chief executive Park Sunghyun spoke with Reuters on Wednesday, outlining the company’s step-by-step approach to going public.
“Our priority right now is Korea market,” Park said.
He added that a US listing could follow using American Depositary Receipts, known as ADRs — financial instruments that allow American investors to purchase shares of foreign companies directly on US stock exchanges. “Then you can go to U.S. market using the ADR just as how SK Hynix is planning,” he said.
South Korean chipmaker SK Hynix recently launched a US share sale aimed at raising 43 trillion won, equivalent to roughly $28.07 billion, as the company looks to capitalize on the worldwide surge in demand for AI technology — one of the largest new share sales of its kind globally.
Park said Rebellions plans to have all required documentation ready before the close of this year. Whether the company goes public in the first quarter or second quarter of 2026 will depend on how markets are behaving at that time.
“We see the market volatility,” he said.
Park confirmed that JP Morgan has been selected as the underwriter for the offering.
