Particle.news
Download on the App Store

RedotPay Said to Explore New York IPO That Could Raise Over $1 Billion

The move reflects renewed investor appetite for regulated stablecoin businesses.

Overview

  • Bloomberg reports RedotPay has engaged JPMorgan, Goldman Sachs and Jefferies to assess a New York listing as early as this year.
  • A float under discussion could raise more than $1 billion and value the Hong Kong company above $4 billion.
  • Deal size, timing and the bank lineup remain in flux, with additional underwriters potentially joining, according to the reports.
  • The stablecoin payments firm offers wallets, global payouts and crypto payment cards, counts over 6 million registered users, and raised $194 million in 2025.
  • If completed, the offering would rank among the largest from Asia’s stablecoin sector and follows recent U.S. listings by Circle and BitGo.