Hong Kong’s RedotPay eyes $150 million raise ahead of US IPO: Bloomberg

Hong Kong-based stablecoin payments firm RedotPay is reportedly in discussions to raise up to $150 million in new funding as it prepares for a U.S. initial public offering (IPO) that could value the company at over $4 billion. This potential raise follows previous funding rounds in late 2025 that granted the firm unicorn status. Despite the fundraising talks, a spokesperson stated RedotPay is not under immediate capital pressure due to strong cash flow, though they remain open to investors bringing strategic value. The fundraising push occurs amid organizational shifts, including the departure of several senior executives and the pursuit of the IPO without a CFO. Furthermore, RedotPay's ties to China, including having Beijing-based Gaorong Ventures as an investor, are noted as a potential concern for U.S. investors, contrasting with Hong Kong's efforts to establish itself as a crypto hub.

(Source：The Block)