RedotPay Eyes Confidential US IPO Filing by Year-End
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Written by Felix Ng (staff editor)
Edited by Yohan Yun (staff editor)
RedotPay weighs confidential US IPO filing by year-end: Bloomberg
Latest News
Published: Oct 27, 2026
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 (IPO) 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, according to Bloomberg on Monday, citing people familiar with the matter.
RedotPay claims over 8 million users, while Paymentscan data shows $410.5 million in 30-day stablecoin card transaction volume.
The company was first reported in February exploring a New York listing that could raise more than $1 billion at a valuation exceeding $4 billion, with JPMorgan Chase, Goldman Sachs, and Jefferies reportedly working on the offering.
However, Bloomberg reported in August that RedotPay had delayed its US listing plans amid regulatory hurdles and legal disputes involving Binance.
The company subsequently disputed the characterization, stating, "there has been no deferral of our IPO," and that the company is "continuing to work with our partners on the IPO process."
In August, Binance-affiliated companies sued the founders of RedotPay, seeking nearly $473 million in damages over allegations that they used confidential information to build a competing payments business and divert customers.
RedotPay has denied the allegations.
Related:
- Binance, RedotPay clash over fate of Singapore lawsuit