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Redotpay Targets at Least $5 Billion Valuation for Planned U.S. IPO

The company is discussing pre-IPO financing at a $4 billion to $5 billion valuation and has more than nine million customers.

A payment card rests partly beneath a sealed envelope / TokenPost.ai
A payment card rests partly beneath a sealed envelope / TokenPost.ai

Redotpay is preparing a confidential U.S. IPO filing before the end of 2026, targeting a valuation of at least $5 billion while negotiating pre-IPO financing at $4 billion to $5 billion.

The Hong Kong crypto card company has more than nine million customers and annualized revenue above $180 million. It raised $194 million in 2025, with the venture capital arms of Coinbase and Circle among its backers.

Redotpay had completed a pre-IPO audit as part of its U.S. listing preparations, with an earlier valuation target above $5 billion.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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