RedotPay Pushes Back US IPO Timeline Due to Compliance Hurdles

TL;DR:

• RedotPay delayed its U.S. IPO while seeking regulatory approvals and facing a $473 million lawsuit filed by Binance affiliates.
• The company obtained a money transmitter license in the U.S. this week and is moving forward with preparations to launch its products in the country.
• The IPO, which could raise more than $1 billion, had the backing of JPMorgan Chase, Goldman Sachs, and Jefferies Financial Group.

RedotPay, the stablecoin payments company founded in 2023 and headquartered in Hong Kong, postponed its plans for a U.S. stock market listing while processing regulatory approvals and dealing with a multimillion-dollar lawsuit filed by affiliates of Binance, according to Bloomberg. A company representative declined to comment on the timeline of the process, though noted that the company obtained a money transmitter license in the country this week and is preparing to launch its products there.

The first signs of a possible listing in New York emerged in February 2026, when it became known that RedotPay was evaluating a debut on U.S. public markets. The company had reportedly been working with JPMorgan Chase, Goldman Sachs, and Jefferies Financial Group on a deal that could raise more than $1 billion, with a target valuation exceeding $4 billion.

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