RedotPay Eyes Confidential US IPO Filing by Year-End
The company is also discussing a pre-IPO round that could value it at $4 billion to $5 billion, Bloomberg reported.
- On Monday, Bloomberg reported that RedotPay is considering a confidential initial public offering in the United States by year-end, while simultaneously discussing a pre-IPO funding round valued between $4 billion and $5 billion.
- Revenue grew more than 50% during the first nine months of 2026 compared with the same period last year, while the firm's operating profit margin exceeded 50% and it now serves more than 9 million customers.
- JPMorgan Chase, Goldman Sachs, Jefferies, and Barclays are reportedly working on the transaction, while the company previously disputed reports of a listing deferral, stating it is "continuing to work with our partners on the IPO process."
- Seeking nearly $473 million in damages, Binance-affiliated companies sued RedotPay in August over allegations that the firm used confidential information to divert customers, which RedotPay denies.
- Founded in 2023, RedotPay provides cryptocurrency payment cards and global transfer services, having raised $194 million through financing rounds in 2025, including a $107 million Series B investment.
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Redotpay Said to Prepare Confidential IPO Filing By Year-End
Crypto firm Redotpay is considering filing confidentially for a US initial public offering by year-end, according to people familiar with the matter, after months of deliberation and wrangling with regulatory issues.
Stablecoin payment company RedotPay is evaluating a confidential US IPO application with a valuation of up to $5 billion by the end of 2026; the $473 million Binance lawsuit continues.
RedotPay May File for US IPO by Year-End, Bloomberg Says
Hong Kong-based stablecoin payments provider RedotPay is reportedly weighing a move toward a U.S. initial public offering, with a confidential filing under consideration by the end of 2026. The update comes roughly two months after earlier reports suggested the company had pushed back its listing plans amid regulatory and legal complications. Bloomberg reported Monday, citing [...]
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