RedotPay completes financial audit as it presses ahead with U.S. IPO plans
The stablecoin payments company said the audit is part of its preparations to go public, disputing an August report that the listing had been put on hold.
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Summary
- RedotPay says it has completed a financial audit as part of its preparation for an IPO. Audited financial statements are required for a U.S. listing.
- A spokesperson said the IPO has not been deferred, contradicting an August report that legal and regulatory issues had pushed a listing into 2027 or later.
- A person familiar with the company said it is targeting a valuation above $5 billion.
