Key facts
- RedotPay is considering a confidential filing for a US IPO by year-end.
- The company is in talks for a pre-IPO funding round valuing it between $4 billion and $5 billion.
- RedotPay disputes reports that its US listing plans were delayed.
- Binance-affiliated companies sued RedotPay founders for nearly $473 million in damages.
Hong Kong-based stablecoin payments company RedotPay is reportedly considering a confidential filing for a US initial public offering by the end of 2026. This comes after reports in August that the company had delayed its listing plans due to regulatory hurdles and legal disputes. RedotPay has disputed these reports, stating that its IPO process is continuing. The company is also in talks with investors for a pre-IPO funding round that could value it between $4 billion and $5 billion. In August, Binance-affiliated companies sued RedotPay's founders, seeking nearly $473 million in damages over allegations of using confidential information to build a competing business.