Hong Kong-based stablecoin payments firm RedotPay explores $1 billion US IPO at $4 billion valuation: Bloomberg
RedotPay is reportedly exploring a $1 billion US IPO at a $4 billion valuation, working with major banks.Summary
Hong Kong-based stablecoin payments firm RedotPay is reportedly considering an initial public offering in the United States that could raise over $1 billion, targeting a valuation exceeding $4 billion. The company is collaborating with JPMorgan Chase, Goldman Sachs, and Jefferies Financial Group for a potential New York listing as early as this year, though details are still under discussion. RedotPay, which achieved unicorn status after raising $194 million in 2025, has over 6 million registered users. This move comes as stablecoin adoption grows globally for remittances and settlement, contrasting with China's tightening crypto restrictions while Hong Kong positions itself as a digital asset hub. A U.S. listing would offer RedotPay access to deeper capital pools.
(Source：The Block)