South Korean AI chip firm Rebellions is speeding up a large pre-IPO round, with strong investor interest in its revenue growth and 2026 listing prospects.
It aims to raise ~200 billion won by October, with Samsung Ventures and Samsung Securities already invested; existing backers like Korea Development Bank show interest, and funds may exceed the target.
Pre-round valuation is 1.5 trillion won (up 200 billion won in 8 months post-December merger with Sapeon), driven by revenue growth.
Rebellions highlights expected multi-billion-won annual revenue and exclusive deals with SK Group and KT (SK’s Ulsan AI data center may use its NPUs).
A 2026 IPO is likely (H1 review, H2 listing), with projected post-listing market cap 3-4 trillion won (backed by government AI support).
It plans to launch 3rd-gen "Rebel-Quad" (HBM3E) this year to boost pre-IPO performance, targeting fundraising next month and H2 commercialization.
ICgoodFind: Rebellions’ funding momentum and IPO hopes are lifted by new products.
