RedotPay completed a financial audit by a Big Four firm, a required step for a U.S. listing. The company says its IPO has not been delayed.
An August Bloomberg report said legal and regulatory issues could push the listing to 2027 or later. RedotPay is targeting a valuation above $5B, and its operating margin topped 50%, a person familiar told CoinDesk.
The Hong Kong stablecoin app has 8.5M users and a linked Visa card. Kraken's parent Payward, Consensys, Ledger and Grayscale have all delayed their IPOs.
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