Bloomberg: RedotPay is considering confidentially filing for a U.S. IPO before year-end, and is in talks for pre-IPO financing at a valuation of $4 billion to $5 billion
Bloomberg reported, citing people familiar with the matter, that Hong Kong-based stablecoin payments company RedotPay is considering confidentially filing for a U.S. initial public offering before year-end.
The company provides physical and virtual cards for cryptocurrency transactions. People familiar with the matter said RedotPay is still in talks with investors about a possible pre-IPO financing round that would value the company at $4 billion to $5 billion.
The report said this consideration comes after months of review and handling of regulatory issues. Previous reports had said the company adjusted its listing timetable because of factors including legal disputes, but this latest news indicates it is moving ahead with preparations for a confidential filing.
Original source:
Title: Redotpay Said to Prepare Confidential IPO Filing By Year-End Publisher: Bloomberg Publication date: 2026-10-26 URL：https://www.bloomberg.com/news/articles/2026-10-26/redotpay-said-to-prepare-confidential-ipo-filing-by-year-end Source nature: media report (exclusive) Verification status: accessed in this reading (2026-10-26) Supporting content: considering confidential U.S. IPO filing before year-end; in talks for pre-IPO financing at a valuation of $4 billion to $5 billion; information from people familiar with the matter
ABAB AI Insight
Bloomberg’s report describes RedotPay’s U.S. listing preparations as considering a confidential filing before year-end, rather than having already filed or set a firm timetable. A confidential filing allows a company to communicate with regulators before public disclosure, and the information comes from unnamed people familiar with the matter.
The company is also still in talks with investors about pre-IPO financing, with a target valuation range of $4 billion to $5 billion. This valuation range follows earlier reports of a target above $4 billion, but the financing has not been completed, so it remains at the discussion stage rather than a locked-in valuation.
RedotPay’s business is providing physical and virtual cards for cryptocurrency transactions. The report places the current progress after months of review and handling of regulatory issues, indicating that listing preparations and regulatory communication are proceeding in parallel, but it does not disclose the latest status of any specific regulatory obstacles or legal disputes.
Compared with earlier reports from February 2026, this news updates the filing form to confidential and the time window to before year-end, while specifying the pre-IPO financing valuation range as $4 billion to $5 billion. All details come from relayed information from people familiar with the matter, not from an official company announcement.
ABAB News · Cognitive Law
RedotPay’s U.S. IPO preparations are currently a consideration of a confidential filing before year-end, rather than an already submitted application.
The pre-IPO financing valuation range is $4 billion to $5 billion, and it remains at the negotiation stage, not yet locked in.