The corporate was first reported in February exploring a New York itemizing that might elevate greater than $1 billion at a valuation exceeding $4 billion, with JPMorgan Chase, Goldman Sachs and Jefferies reportedly engaged on the providing.
Nonetheless, Bloomberg reported in August that RedotPay had delayed its US itemizing plans amid regulatory hurdles and authorized disputes involving Binance.
The corporate subsequently disputed that characterization, reportedly saying “there was no deferral of our IPO,” and that the corporate is “persevering with to work with our companions on the IPO course of.”
In August, Binance-affiliated firms sued the founders of RedotPay, in search of practically $473 million in damages over allegations that they used confidential data to construct a competing funds enterprise and divert prospects.
RedotPay has denied the allegations and beforehand advised Cointelegraph that it might “vigorously defend all claims.”
Associated: Binance, RedotPay conflict over destiny of Singapore lawsuit
