AI chip startup Rebellions has hired JPMorgan as the global lead underwriter for its Seoul IPO, paving the way for one of Korea's most anticipated tech stock debuts.
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According to sources familiar with the matter, the company plans to submit its IPO application in the second half of this year, with a listing target set for the end of 2026 or early 2027. Rebellions specializes in AI accelerators optimized for data center inference workloads (the process of running AI models). By emphasizing cost-effectiveness and energy efficiency, the company is seeking to challenge the market dominated by Nvidia. In September 2025, Rebellions raised $250 millions in Series C financing, reaching a valuation of $1.4 billions. The hiring of JPMorgan highlights Rebellions’ strategy to attract global institutional investors and domestic capital. A successful IPO would provide fresh capital to expand R&D, deepen manufacturing partnerships, and consolidate its position in the rapidly evolving AI chip market.
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