Hong Kong stablecoin firm RedotPay reportedly considering US IPO

Hong Kong-based stablecoin payment firm RedotPay is considering a U.S. initial public offering (IPO), Bloomberg Law reported, citing multiple sources. JPMorgan, Goldman Sachs, and Jefferies are set to act as lead underwriters for the listing, which could take place as early as this year. The company is reportedly aiming to raise $1 billion and is seeking a valuation of over $4 billion.