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Hong Kong-based cryptocurrency payment card company Redotpay is reportedly preparing to file for an IPO with the U.S. Securities and Exchange Commission (SEC) before the end of the year, targeting a valuation of at least $5 billion. It is also reportedly in talks for a pre-IPO funding round valued at $4 billion to $5 billion. The company boasts over 9 million customers, annualized revenue exceeding $180 million, and aims to raise $194 million by 2025. Backers include venture capital firms such as Coinbase and Circle. (Source: Bloomberg)