RedotPay stablecoin payments firm said to consider $1 billion IPO in New York: Bloomberg
Hong Kong's RedotPay is reportedly planning a U.S. IPO aiming to raise over $1 billion.Summary
RedotPay, a Hong Kong-based stablecoin payments company that achieved unicorn status last September, is reportedly planning a major initial public offering (IPO) in New York to raise more than $1 billion, potentially valuing the firm at over $4 billion. The company has reportedly hired major banks, including JPMorgan, Goldman Sachs, and Jefferies, for the potential listing as early as this year, though details remain fluid. RedotPay raised $194 million in 2025 and currently boasts over 6 million registered users, backed by venture capital firms like Accel and Pantera Capital. This potential IPO would be one of the largest from Asia's stablecoin sector, as Hong Kong prepares to license its first stablecoin issuers next month.
(Source：CoinDesk)