RedotPay weighs confidential US IPO filing by year-end: Bloomberg
The stablecoin payments company previously disputed reports that its US listing had been delayed.
Hong Kong-based stablecoin payments company RedotPay is reportedly considering a confidential filing for a US initial public offering by the end of 2026, two months after reports that it had delayed its listing plans amid regulatory and legal hurdles.
RedotPay is also in talks with investors about a potential pre-IPO funding round that could value the company at between $4 billion and $5 billion, Bloomberg reported Monday, citing people familiar with the matter.
RedotPay says it has more than 8 million users, while data from Paymentscan shows $410.5 million in 30-day stablecoin card transaction volume.
However, Bloomberg reported in August that RedotPay had delayed its US listing plans amid regulatory hurdles and legal disputes involving Binance.