Market Chatter: Hong Kong-based RedotPay Eyes $1 Billio US IPO

MT Newswires Live16:24

Hong Kong-based RedotPay is considering going public in the U.S. with plans to raise at least $1 billion, Bloomberg reported Tuesday, citing people familiar with the matter.

The stablecoin payments company has reportedly hired JPMorgan Chase, Goldman Sachs, and Jefferies Financial for a potential New York listing as soon as this year and may seek a valuation of more than $4 billion.

The report cautioned that deliberations were ongoing and the IPO's details could change.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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