Stablecoin payments company RedotPay has completed a financial audit as part of its preparations for an initial public offering, according to Odaily, citing CoinDesk. Audited financial statements are required for a U.S. listing, making the audit a key step in the IPO process. A RedotPay spokesperson said the company’s IPO plans have not been delayed, pushing back on earlier claims that legal and regulatory issues could force the listing to 2027 or later. Separately, a person familiar with the matter said the company is seeking a valuation of more than $5 billion. The report did not provide additional details on the audit timeline, listing venue, or offering structure.
Stablecoin payments company RedotPay has completed a financial audit as part of its preparations for an initial public offering, Odaily reported, citing CoinDesk.
Companies seeking to list in the United States must submit audited financial statements. RedotPay said the audit was part of that process.
A company spokesperson said RedotPay’s IPO plans have not been delayed. That statement conflicts with earlier claims that legal and regulatory issues could push the listing to 2027 or later.
Separately, a person familiar with the matter said the company is targeting a valuation of more than $5 billion.
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