Hong Kong-based cryptocurrency payments platform RedotPay is reportedly planning an initial public offering (IPO) in the US.
The company is aiming to raise more than $1bn through the listing, Bloomberg reported, citing people familiar with the matter. The IPO could take place in New York as soon as this year, according to the report.
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The publication said RedotPay is working with JPMorgan Chase & Co., Goldman Sachs Group Inc. and Jefferies Financial Group Inc. on the potential offering. The company may seek a valuation of more than $4bn.
Discussions are currently underway and details, including deal size and valuation, could change. Other banks may also join the underwriting group later.
RedotPay did not confirm the development, while representatives for the three banks declined to comment when approached by Bloomberg.
In response to a request from Electronic Payments International for clarification, RedotPay Press Team said: “We are unable to comment on this matter.”
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By GlobalDataThe reported IPO discussions follow RedotPay’s fundraising activity in 2025. The company raised $194m during the year, including a Series B round in December.
It counts Accel, Blockchain Capital, Goodwater Capital, HSG, Pantera Capital and Vertex Ventures among its investors.
RedotPay’s app allows users to spend stablecoins via physical or virtual cards. According to its website, the company it has more than six million users across more than 100 markets.
It also reported an annualised payment volume of more than $10bn and annualised revenue exceeding $150m.
In June 2025, RedotPay partnered with Circle to join the Circle Payments Network (CPN) to support payments into Brazil.
