RedotPay completes audit as part of U.S. IPO preparations

Hong Kong-based stablecoin payments company RedotPay said it has completed a financial audit as part of its preparations for a U.S. initial public offering. Separately, RedotPay also completed a review of its anti-money laundering and counter-terrorism financing systems. Both procedures were conducted by one of the Big Four accounting firms, although RedotPay did not disclose the specific firm. Audited financial statements must be included in a U.S. IPO prospectus, while the AML and CFT review is a separate listing-preparation process.