Hong Kong-based payments company RedotPay reportedly acquired BTC BOX and is considering a confidential filing for a US initial public offering (IPO) by the end of 2026. Its valuation has been reported at approximately $4 billion–$5 billion.
Hong Kong-based RedotPay reportedly acquired Japan-based cryptocurrency exchange BTC BOX and is discussing pre-IPO fundraising with investors as it considers a US IPO. According to information reported by Bloomberg, citing people familiar with the matter, the company is assuming a valuation of $4 billion–$5 billion at the time of listing.
RedotPay is proceeding with a financial audit and announced that it completed an audit by one of the Big Four accounting firms on 28 September. The audit is described as part of preparations for a future listing. In Japan, the company aims to provide legally compliant services through BTC BOX, while the RedotPay group plans to gradually restrict its existing services for residents of Japan and ultimately terminate them.
Following these developments, attention will focus on future disclosures, including the timing of a formal IPO application, fundraising terms and specific plans for continuing operations in the Japanese market.