REDOTPAY REPORTEDLY PLANS US IPO BY YEAR-END AT UP TO $5B VALUATION

Summary from the TLDR Fintech newsletter

Hong Kong-based stablecoin payments company RedotPay is reportedly preparing a confidential US IPO filing that could value the business at about $5 billion, with JPMorgan and Goldman Sachs advising. The company says it serves more than 9 million customers and has surpassed $180 million in annualized revenue, although the offering would come while RedotPay remains in an ongoing $473 million legal dispute with Binance.