Redotpay Aims to File for U.S. IPO by Year-End at Valuation of at Least $5 Billion

Hong Kong-based crypto payment card company Redotpay is preparing to confidentially file its IPO application with the U.S. SEC before the end of the year, targeting a valuation of at least $5 billion, according to a ChainCatcher report citing Bloomberg. The report says the company is still negotiating a pre-IPO funding round at a valuation of $4 billion to $5 billion. Public information shows Redotpay serves more than 9 million customers and generates annualized revenue exceeding $180 million. In 2025, Redotpay raised $194 million, with investors including the venture capital arms of Coinbase and Circle.

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