# Redotpay Targets at Least $5 Billion Valuation for Planned U.S. IPO By John Kim Canonical URL: https://www.tokenpost.com/news/business/41795 Published: 2026-10-27T14:46:37.000Z Updated: 2026-10-27T14:46:37.000Z Section: Business > The company is discussing pre-IPO financing at a $4 billion to $5 billion valuation and has more than nine million customers. 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. ## Links in this article - [a pre-IPO audit](https://www.tokenpost.com/news/business/24788)