RedotPay completes financial audit as it presses ahead with U.S. IPO plans
In this news:
The comments mark the company’s clearest acknowledgment of its IPO plans after Bloomberg reported in August that RedotPay had delayed a U.S. listing while seeking regulatory approvals and dealing with legal issues. A listing might take place in 2027 or later, rather than this year, the report said.
“There has been no deferral of our IPO,” a RedotPay spokesperson told CoinDesk in emailed comments. “We are continuing to work with our partners on the IPO process.” The company did not give a listing date.
RedotPay is targeting a valuation of more than $5 billion, according to a person familiar with the matter. Transaction volume reached a record in the second quarter, and the company’s operating margin exceeded 50%, the person added, without providing the underlying financial figures.
The stablecoin company’s push toward a listing comes as several other crypto companies have pushed back their IPO plans. Kraken parent Payward, Ethereum software developer Consensys, hardware wallet maker Ledger and asset manager Grayscale have all delayed prospective listings amid weaker market conditions, according to CoinDesk’s reporting
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$0.6289
Market Cap
$414.6M -4.91%
24h Volume
$37.1M
Supplies
1.0B / 1.0B
Current Price
$0.1757
Market Cap
$406.8M -5.63%
24h Volume
$111.3M
Supplies
2.7B / 2.7B
Current Price
$0.006429
Market Cap
$380.3M 1.30%
24h Volume
$1.8K
Supplies
95.0B / 100.0B
Current Price
$1.041
Market Cap
$380.1M -0.71%
24h Volume
$17.5M
Supplies
365.0M / ∞
Current Price
$0.3737
Market Cap
$373.5M -2.27%
24h Volume
$11.6M
Supplies
1.5B / 1.5B
Current Price
$0.04812
Market Cap
$365.8M -8.73%
24h Volume
$213.1M
Supplies
10.0B / 10.0B
Current Price
$0.04453
Market Cap
$365.1M 5.92%
24h Volume
$8.0M
Supplies
10.0B / 10.0B
Current Price
$0.05391
Market Cap
$363.7M -6.65%
24h Volume
$68.4M
Supplies
10.0B / ∞
Current Price
$0.9995
Market Cap
$357.4M 0.04%
24h Volume
$6.5M
Supplies
357.6M / ∞
Current Price
$0.000000367
Market Cap
$354.3M -1.98%
24h Volume
$10.8M
Supplies
990.0T / 990.0T
Current Price
$1.994
Market Cap
$346.8M -3.80%
24h Volume
$62.7M
Supplies
281.5M / ∞
Current Price
$17.090
Market Cap
$343.5M -2.68%
24h Volume
$5.1M
Supplies
20.1M / 21.0M