Dubizzle Group Holdings PLC has officially announced its intention to proceed with an initial public offering (IPO) and list its ordinary shares on the Dubai Financial Market (DFM).
The IPO will represent approximately 30.34% of the company’s total issued share capital, consisting of newly issued shares and existing shares to be sold by current shareholders. The subscription period will run from October 23 to October 29, 2025, for both retail investors in the UAE and professional investors, with trading expected to commence around November 6, 2025.
As part of the IPO, Prosus NV, Dubizzle Group’s largest shareholder through OLX BV, has committed to invest $100 million, further demonstrating confidence in the company’s growth trajectory. Prosus, listed on Euronext Amsterdam, holds a market capitalization of approximately $170 billion.
“Dubizzle Group is deeply integrated into the daily lives of millions across the UAE and wider MENA region,” said Imran Ali Khan, CEO of Dubizzle Group. “This IPO marks an exciting new chapter, positioning us to accelerate growth, expand in key markets like Saudi Arabia, and create long-term value for our users and shareholders.”
Dubizzle Group operates some of the region’s most recognized platforms, including Dubizzle and Bayut, attracting more than 18 million monthly active users. The company has also strengthened its market position through a series of strategic acquisitions, such as DriveArabia, Property Monitor, and Hatla2ee, broadening its product ecosystem.
Rothschild & Co has been appointed as independent financial adviser, while Emirates NBD Capital acts as listing adviser and one of the joint global coordinators, alongside Goldman Sachs, HSBC, and Morgan Stanley. The offering has been confirmed as Sharia-compliant by the internal Sharia supervision committee of Emirates NBD Bank.
Proceeds from the IPO will be directed toward employee stock ownership programs, strategic mergers and acquisitions, and future growth initiatives, ensuring financial agility and long-term expansion opportunities.
The IPO comes amid a surge of public offerings across the Middle East, led by the UAE and Saudi Arabia. Notable 2025 listings include Alec Holdings’ $381 million IPO on the DFM, Flynas’ $1.1 billion offering, and the Dubai Residential Reit’s $584 million debut—the largest residential leasing REIT in the Gulf to date. Other major offerings include Specialised Medical Company, United Carton Industries, and Umm Al Qura for Development & Construction, underscoring the region’s robust capital market momentum.
