As of September 27, 2026, Rebellions has not filed a listing application with the Korea Exchange, the regulator for South Korea's KOSPI and KOSDAQ boards; a US search tool such as SEC EDGAR does not apply, since Rebellions is a Korean company and any listing would happen there, not in the United States. CEO Park Seong-hyun told CNBC on July 8, 2026, in an exclusive interview, that Rebellions is leaning toward KOSPI over KOSDAQ, targeting an IPO in the first or second quarter of 2027, with J.P. Morgan and Samsung Securities preparing the offering. On August 2, 2026, Seoul Economic Daily reported that Korea Exchange is weighing a new KOSDAQ 'Select League' direct-listing tier for trillion-won unicorns, and named Rebellions and FuriosaAI among the AI-chip companies already seen as strong candidates for it. Then, on August 28, 2026, Chosunbiz reported that Nvidia CEO Jensen Huang met Park at Nvidia's Santa Clara headquarters to discuss cooperation options, including a possible acquisition; the article said Rebellions is currently pursuing an IPO, and that its government policy-fund shareholders, part of a 640 billion won pre-IPO round closed in March 2026, make a sale of control legally and politically complicated. Track Korea Exchange's own disclosures directly, not rumors.
Segmara is an independent research site. Segmara does not sell, broker, or arrange share purchases. Nothing here is investment advice.
Key points
A CEO interview, not a listing filing
Park Seong-hyun told CNBC on July 8, 2026, in an exclusive interview, that Rebellions is leaning toward South Korea's KOSPI board over KOSDAQ, and is targeting an IPO in the first or second quarter of 2027. He said J.P. Morgan and Samsung Securities are preparing the offering.
That is a statement from the company's own chief executive, which carries more weight than anonymous sourcing, but it is still a stated intention. Rebellions has not filed a listing application with the Korea Exchange, and no prospectus is public as of September 27, 2026.
Korea Exchange is building a faster lane for AI-chip unicorns
Seoul Economic Daily reported on August 2, 2026 that Korea Exchange is weighing a new KOSDAQ 'Select League' direct-listing tier aimed at trillion-won companies. The report named Rebellions and FuriosaAI among the AI-chip companies that have already declared KOSDAQ listing challenges and are seen as strong candidates for the new tier.
A regulator considering a new listing tier is a policy proposal, not a completed listing for either company. Whether Rebellions would use a Select League KOSDAQ tier or the KOSPI board Park described to CNBC is not resolved by either report.
Nvidia talks run alongside the IPO track, not instead of it
Chosunbiz reported on August 28, 2026 that Nvidia CEO Jensen Huang met Park at Nvidia's Santa Clara headquarters to discuss cooperation options, including a possible acquisition. The article also said Rebellions is currently pursuing an IPO.
The same report said Rebellions' government policy-fund shareholders, part of a 640 billion won pre-IPO round closed in March 2026, make a sale of control legally and politically complicated. That detail is one reason the article frames the Nvidia conversation as cooperation talks rather than a live acquisition process.
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Article title
When Will Rebellions IPO? It's Leaning Toward KOSPI, Not KOSDAQ
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3
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37 of 51 listings show a mark
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Interpretation
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Visible pricing coverage
72 / 100
37 of 51 listings show a mark
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Searches like 'When Will Rebellions IPO? It's Leaning Toward KOSPI, Not KOSDAQ' are research questions: what a filing or a company statement confirms, what has only been reported, and what is still unknown.
What counts as a listing step
For an IPO, the primary record is a registration statement filed with the securities regulator of the listing market, such as an S-1 or F-1 on SEC EDGAR for a US listing. Funding rounds, valuations and secondary-market prices are context, not listing steps.
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How a company reaches a US listing
The SEC filing trail
DraftThe company can first submit a draft registration statement (DRS) for confidential SEC review.
S-1 or F-1The registration statement goes public on SEC EDGAR: Form S-1, or Form F-1 for many foreign companies. A company that used a draft must file publicly at least 15 days before its roadshow.
AmendmentsS-1/A or F-1/A amendments answer SEC comments, and one of them adds the expected price range.
PricingOnce the SEC declares the registration effective, the company sets the price with its underwriters and files the final prospectus, usually a 424B4.
First tradeThe shares start trading on the exchange named in the prospectus, such as Nasdaq or the NYSE.
Rebellions 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.
CEO Park Seong-hyun told CNBC on July 8, 2026, in an exclusive interview, that Rebellions is leaning toward listing on South Korea's KOSPI board rather than KOSDAQ, targeting an IPO in the first or second quarter of 2027, with J.P. Morgan and Samsung Securities preparing the offering.
Seoul Economic Daily reported on August 2, 2026 that Korea Exchange is weighing a new KOSDAQ 'Select League' direct-listing tier aimed at trillion-won unicorns, naming Rebellions and FuriosaAI among the AI-chip companies that have already declared KOSDAQ listing challenges and are seen as strong candidates for the tier.
Chosunbiz reported on August 28, 2026 that Nvidia CEO Jensen Huang met Park at Nvidia's Santa Clara headquarters to discuss cooperation options, including a possible acquisition; the article said Rebellions is currently pursuing an IPO, and that government policy-fund shareholders from a 640 billion won pre-IPO round closed in March 2026 make a sale of control legally and politically complicated.
Risk notes
Rumor risk: unofficial dates, valuations, or funding details circulating on social media or forums are frequently wrong or outdated and should not be treated as confirmation of anything.
Illiquidity risk: any private-market interest, indicative marks, or pre-IPO share arrangements in a company that has not listed can be difficult to exit and may not reflect a tradable price.
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 Rebellions confirmed an IPO date?
No. Rebellions has not filed a listing application with the Korea Exchange. CEO Park Seong-hyun told CNBC on July 8, 2026 that the company is targeting the first or second quarter of 2027, but that is a target he described in an interview, not a filed prospectus.
Which stock exchange is Rebellions leaning toward?
KOSPI, according to Park's comments to CNBC on July 8, 2026, over the KOSDAQ board. Separately, on August 2, 2026, Seoul Economic Daily reported that Korea Exchange is weighing a new KOSDAQ 'Select League' tier and named Rebellions as a candidate for it, so which board Rebellions ultimately lists on remains unsettled between the two reports.
Could Nvidia acquire Rebellions instead of it going public?
Chosunbiz reported on August 28, 2026 that Nvidia CEO Jensen Huang met Park to discuss cooperation options, including a possible acquisition. The same article said Rebellions is currently pursuing an IPO, and that its government policy-fund shareholders from a March 2026 pre-IPO round make a sale of control legally and politically complicated.
Can I buy Rebellions shares before the IPO?
Not through a public exchange. Rebellions 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 Rebellions shares.
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Segmara is an independent research site. Segmara does not sell, broker, or arrange share purchases.