[Hong Kong-based crypto payment card company Redotpay plans to secretly file for a US IPO before the end of the year, with a target valuation of at least $5 billion] BlockBeats reported on October 27th, citing Bloomberg, that Hong Kong-based crypto payment card company Redotpay is preparing to secretly file for an IPO with the US SEC before the end of the year, targeting a valuation of at least $5 billion. The report indicates that the company is still in talks for a pre-IPO funding round with a valuation of $4-5 billion. Public information shows that the company currently has over 9 million customers and annualized revenue exceeding $180 million. RedotPay also raised $194 million in funding in 2025, with backers including Coinbase and Circle's venture capital arm. [Original Link]