RedotPay weighs confidential US IPO filing by year-end: Bloomberg
Summary
RedotPay is reportedly considering a confidential US IPO filing by the end of 2026 and is discussing a pre-IPO funding round valuing it at $4 billion to $5 billion. The Hong Kong stablecoin payments company says it has over 8 million users, with $410.5 million in 30-day stablecoin card transaction volume. IPO plans have faced reported regulatory hurdles and legal disputes with Binance-affiliated companies, which are seeking nearly $473 million from RedotPay’s founders. RedotPay denies wrongdoing and has said its IPO process continues.
