RedotPay Delays US IPO Plans, Listing Likely Pushed to Next Year or Later

Odaily News - RedotPay has postponed its US IPO plans, with the listing potentially delayed to next year or even later. RedotPay completed over $150 million in funding rounds in September and December last year, with investors including the venture capital arms of Coinbase and Circle.

Previously, Binance-affiliated entities Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore filed a lawsuit in Hong Kong against RedotPay co-founders Gao Zhangpeng, Chan Wa Choi, and Yao Chao, accusing the three of breaching agreements by diverting more than 470,000 users from Binance Card to RedotPay. They claim losses of $472.8 million. (Bloomberg)