RedotPay considers confidentially filing for a US IPO, targeting a $5 billion valuation

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RedotPay is considering confidentially filing for a US IPO before the end of the year, targeting a valuation of $5 billion. The Hong Kong-based company, which offers physical and virtual cards for crypto transactions, is still in talks for pre-IPO financing at a valuation of $4 billion to $5 billion; it has more than 9 million customers and annualized run-rate revenue of over $180 million. Revenue grew more than 50% year over year in the first three quarters of 2026, while its operating margin rose to more than 50%.