FuriosaAI is a private company and has not filed a listing prospectus with Korea Exchange as of September 27, 2026. Chosunbiz reported on June 9, 2026 that FuriosaAI secured a nonbinding letter of intent from UAE sovereign wealth fund Mubadala worth about 400 billion won (roughly $290 million), as part of a pre-IPO round targeting more than 1 trillion won; South Korea's state-run Public Growth Fund and KDB moved to invest 400 billion won directly, partly on the strength of that Mubadala LOI. Separately, Seoul Economic Daily reported on August 2, 2026 that Korea Exchange is weighing a new KOSDAQ 'Select League' listing tier designed to draw larger unicorns, including FuriosaAI and fellow Korean NPU maker Rebellions, onto the exchange. And The Korea Times reported on August 5, 2026 that FuriosaAI was named alongside Rebellions and DEEPX as one of Korea's neural-processing-unit makers racing to build revenue track records ahead of potential IPOs. None of this is a filing, a set date, or a closed round: a letter of intent is nonbinding, a proposed listing tier is not a listing, and building a revenue track record is preparation, not an announcement. Track Korea Exchange and FuriosaAI's own statements directly, not secondary reporting.
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Key points
A nonbinding letter of intent, not a closed round
Chosunbiz reported on June 9, 2026 that FuriosaAI secured a nonbinding letter of intent from Mubadala, the UAE sovereign wealth fund, worth about 400 billion won, or roughly $290 million. The report described the LOI as part of a pre-IPO funding round FuriosaAI is targeting at more than 1 trillion won in total.
The same report said South Korea's state-run Public Growth Fund and KDB moved to invest 400 billion won directly in FuriosaAI, partly on the strength of Mubadala's letter of intent. A letter of intent is nonbinding by definition; it signals interest, not a completed or guaranteed investment, and it is not an IPO filing.
Korea Exchange is courting FuriosaAI for KOSDAQ
Seoul Economic Daily reported on August 2, 2026 that Korea Exchange is weighing a new KOSDAQ listing tier, described in the report as a 'Select League,' aimed at drawing larger unicorns onto the exchange. The report named FuriosaAI alongside fellow Korean NPU maker Rebellions as companies the proposed tier was designed to attract.
A proposed listing tier is an exchange policy under consideration, not a company's decision to list and not a filing. No timeline for the tier itself, or for any FuriosaAI listing under it, was reported.
Building a revenue track record ahead of any filing
The Korea Times reported on August 5, 2026 that FuriosaAI was named alongside Rebellions and DEEPX as one of Korea's neural processing unit makers racing to build revenue track records ahead of potential IPOs.
None of the three reported developments is an IPO filing. A letter of intent is nonbinding, a proposed exchange tier is not a listing, and a revenue track record is preparation rather than an announced offering. As of September 27, 2026, no listing prospectus or registration statement for FuriosaAI with Korea Exchange, and no specific IPO date, has been reported.
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When Will FuriosaAI IPO? A Nonbinding Mubadala LOI, No Filing Yet
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FuriosaAI is expected to list outside the US, so its listing documents will not appear on SEC EDGAR, which holds US filings only. Segmara Pro follows listings outside the US in its weekly IPO brief, posted in the members forum, not through EDGAR alerts.
Chosunbiz reported on June 9, 2026 that FuriosaAI secured a nonbinding letter of intent from UAE sovereign wealth fund Mubadala worth about 400 billion won (roughly $290 million) as part of a pre-IPO round targeting more than 1 trillion won; South Korea's state-run Public Growth Fund and KDB then moved to invest 400 billion won directly, partly on the strength of that LOI.
Seoul Economic Daily reported on August 2, 2026 that Korea Exchange is weighing a new KOSDAQ 'Select League' listing tier described as designed to draw larger unicorns, including FuriosaAI and fellow Korean NPU maker Rebellions, onto the exchange; that is a proposed exchange policy, not a listing decision.
The Korea Times reported on August 5, 2026 that FuriosaAI was named alongside Rebellions and DEEPX as one of Korea's neural processing unit (NPU) makers racing to build revenue track records ahead of potential IPOs, a preparation step short of any filing.
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Timing risk: a company can pause, restart, or abandon IPO preparation at any stage, including after a confidential or public filing, so no step before pricing guarantees a listing.
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Has FuriosaAI confirmed an IPO date?
No. As of September 27, 2026, FuriosaAI has not filed a listing prospectus with Korea Exchange. Chosunbiz reported on June 9, 2026 that a nonbinding Mubadala letter of intent could support a pre-IPO round, but that is a private funding negotiation, not a company statement about a listing date.
What is Mubadala's letter of intent worth?
About 400 billion won, or roughly $290 million, according to Chosunbiz's June 9, 2026 report. The LOI is nonbinding and was described as part of a larger pre-IPO round targeting more than 1 trillion won, alongside a direct 400 billion won investment from South Korea's Public Growth Fund and KDB.
Why is Korea Exchange creating a new KOSDAQ tier?
Seoul Economic Daily reported on August 2, 2026 that Korea Exchange is weighing a 'Select League' listing tier described as designed to draw larger unicorns, including FuriosaAI and Rebellions, onto KOSDAQ. That is a proposed exchange policy, not a FuriosaAI filing or listing commitment.
Can I buy FuriosaAI shares before the IPO?
Not through a public exchange. FuriosaAI is a private company, and any private-share offer you encounter should be verified independently before you rely on it. Segmara does not sell, broker, or arrange purchases of FuriosaAI shares.
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