RedotPay weighs $1B US IPO amid HK stablecoin licensing

• Lyla Velez
• February 24, 2026
• News
• 0 Comments

Key Points:

• RedotPay considers US IPO raising over $1B, targeting valuation up to $4B.
• Plan remains exploratory, not finalized, per Bloomberg; formal filings not yet public.
• No confirmed listing venue or timetable; terms may change during planning.

Updated: Feb 24, 2026. Hong Kong-based stablecoin payments company RedotPay is considering an initial public offering in the United States to raise over $1 billion and may seek a valuation up to $4 billion, as reported by Bloomberg. The report characterizes the plan as potential rather than finalized.

Current coverage has not specified a listing venue or timetable. The RedotPay US IPO remains in planning, with formal documentation not yet public and terms subject to change as work progresses.

Regulatory context: HKMA stablecoin licensing and US SEC requirements

Hong Kong’s dedicated stablecoin framework took effect on August 1, 2025, establishing licensing, reserve, and trust-style safeguard requirements, based on analysis by Oxford University Press. The rules raise entry thresholds while aiming to build credibility for issuers. For Hong Kong stablecoin licensing, local alignment will be central to diligence by prospective investors.

A U.S. IPO would bring the company under the U.S. Securities and Exchange Commission’s registration and disclosure oversight. Investors typically focus on risk controls, reserve transparency, governance, and cross-border compliance in payments listings.

On-record remarks directly tied to IPO terms remain limited. Available statements emphasize strategy rather than deal specifics. “to make digital finance accessible, secure, and efficient for everyone,” said Michael Gao, CEO of RedotPay.

Broader crypto-equity sentiment will frame listing windows and valuations. At the time of this writing, Coinbase shares traded around $158.00 overnight, down 1.40%, based on data from Yahoo Finance.

Watch for a U.S. registration filing detailing business model, risks, and financials. Updates on Hong Kong licensing progress will be pivotal for cross-jurisdiction compliance. Disclosure of lead banks would clarify momentum and timelines. Absent filings, reported figures may change.

Principal risks include multi-regulator scrutiny and expectations for reserve management and transparency. Execution depends on market windows for fintech and crypto-linked offerings. Competitive stablecoin payment networks could influence investor sentiment. These dynamics may shape eventual valuation and deal size.