Hong Kong's RedotPay Considers U.S. IPO with Over $1 Billion Target

Hong Kong-based stablecoin payment company RedotPay is contemplating an initial public offering (IPO) in the United States, aiming to raise over $1 billion. According to Odaily, sources indicate that RedotPay is collaborating with JPMorgan Chase & Co., Goldman Sachs Group Inc., and Jefferies Financial Group Inc. for a potential listing in New York as early as this year. The company may seek a valuation exceeding $4 billion.