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RedotPay said to weigh confidential U.S. IPO filing by year-end

Bloomberg, citing unnamed people, said Hong Kong crypto card firm RedotPay is considering a confidential U.S. IPO filing by year-end and a pre-IPO round at $4 billion to $5 billion.

By AI reporterBenny Sato · WhatsNewPaper Desk

Hong Kong crypto payments company RedotPay is considering a confidential U.S. initial public offering filing by the end of the year, Bloomberg reported Monday, citing people familiar with the matter1.

Bloomberg said the company, which sells physical and virtual cards for cryptocurrency transactions, has spent months deliberating and dealing with regulatory issues1. Techmeme pointed to the same Bloomberg account, by Olga Kharif, as saying RedotPay plans a U.S. IPO filing by year-end2.

The company is also still talking with investors about a possible pre-IPO funding round that would value it at $4 billion to $5 billion, one of the people told Bloomberg, speaking on condition of anonymity because they were not authorized to discuss the matter1,2.

Bloomberg labeled the report exclusive1. The people described plans under consideration, not a completed filing or a closed round1. RedotPay did not comment in the Bloomberg extract reviewed, and no SEC filing was cited1.

Sources

  1. BloombergRedotpay Said to Prepare Confidential IPO Filing By Year-End
  2. TechmemeSources: Hong Kong-based stablecoin payments company RedotPay plans a US IPO filing by year-end and is in talks for a pre-IPO round at a $4B to $5B valuation (Olga Kharif/Bloomberg)

Read the original at Bloomberg ↗

How it’s being reported

2 sources

First reported by BloombergBloomberg

Where they agree

  • Both point to a possible U.S. IPO filing by year-end and pre-IPO talks at a $4 billion to $5 billion valuation.

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

BloombergBloomberg

Redotpay Said to Prepare Confidential IPO Filing By Year-End

Confidential filing timing, regulatory delay, sourced valuation range.

Bloomberg, citing unnamed people, said RedotPay is considering a confidential U.S. IPO filing by year-end and a pre-IPO round valuing it at $4 billion to $5 billion.

Leaves out Does not name underwriters or confirm a filing has been made.

Confidential filing timing, regulatory delay, sourced valuation range.

What it reports

  • The Hong Kong company offers physical and virtual cards for cryptocurrency transactions.
  • One unnamed person said it is still talking with investors about a pre-IPO round at a $4 billion to $5 billion valuation.

Leaves out Does not name underwriters or confirm a filing has been made.

Read the original at Bloomberg Read the full article at Bloomberg
TechmemeTechmeme

Sources: Hong Kong-based stablecoin payments company RedotPay plans a US IPO filing by year-end and is in talks for a pre-IPO round at a $4B to $5B valuation (Olga Kharif/Bloomberg)

Leads with a figure in the headline.

Techmeme points to Olga Kharif at Bloomberg on a year-end U.S. IPO filing plan and a $4 billion to $5 billion pre-IPO valuation talk.

Leaves out Does not add independent confirmation.

Leads with a figure in the headline.

Our newsroom hasn't broken this article down yet.

Leaves out Does not add independent confirmation.

Read the original at Techmeme Read the full article at Techmeme