Hong Kong cryptocurrency payment card company Redotpay plans to secretly submit its U.S. IPO application by the end of the year, with a valuation of at least 5 billion USD

According to Bloomberg, Hong Kong cryptocurrency payment card company Redotpay is preparing to secretly submit an IPO application to the U.S. SEC by the end of the year, with a target valuation of at least 5 billion dollars.

The report indicates that the company is still negotiating Pre-IPO financing with a valuation of 4 to 5 billion dollars. Public information shows that the company currently has over 9 million customers and an annual revenue of over 180 million dollars. Redotpay also raised 194 million dollars in 2025, with supporters including the venture capital arms of Coinbase and Circle.