Dubizzle Group Holdings PLC has announced plans to launch an initial public offering (IPO) on the Dubai Financial Market (DFM). The listing will include 30.34% of the company’s total issued share capital, combining both newly issued shares and existing shares from current investors.
The subscription window opens from October 23 to October 29, 2025, for retail and professional investors across the UAE. Trading looks to start around November 6, 2025, marking a key milestone for one of the region’s most recognizable digital companies.
Strong Backing from Prosus NV
Prosus NV, Dubizzle Group’s largest shareholder through OLX BV, has pledged a $100 million investment in the IPO. Prosus, listed on Euronext Amsterdam with a market capitalization of about $170 billion, has been instrumental in supporting Dubizzle’s growth across the MENA region.
Imran Ali Khan, CEO of Dubizzle Group, stated that the listing represents a new phase of growth. He emphasized that the IPO would accelerate the company’s expansion into major markets such as Saudi Arabia and strengthen long-term shareholder value.
A Leading Digital Ecosystem in MENA
Dubizzle operates some of the region’s most recognized digital platforms, including Dubizzle and Bayut, which together attract over 18 million monthly active users. The company has built a strong, interconnected product ecosystem through targeted acquisitions, including:
- DriveArabia, enhancing the group’s automotive marketplace presence
- Property Monitor, expanding real estate analytics and data services
- Hatla2ee, growing its reach across automotive listings in MENA
These acquisitions have allowed Dubizzle to deepen its footprint in multiple verticals, from real estate and mobility to classifieds and e-commerce.
Financial and Strategic Advisors
Rothschild & Co has been appointed as independent financial adviser. The listing advisers and joint global coordinators include:
- Emirates NBD Capital
- Goldman Sachs
- HSBC
- Morgan Stanley
The IPO has been confirmed as Sharia-compliant by the internal Sharia supervision committee of Emirates NBD Bank.
Proceeds and Growth Strategy
Funds raised from the offering will be used for:
- Employee stock ownership programs (ESOPs)
- Strategic mergers and acquisitions
- Growth and technology innovation
These initiatives aim to support Dubizzle’s long-term expansion and financial flexibility, positioning it as a key player in the region’s digital transformation.
Regional IPO Momentum
The Dubizzle IPO arrives amid a wave of public listings across the UAE and Saudi Arabia. Major 2025 offerings include:
- Alec Holdings – $381 million on the DFM
- Flynas – $1.1 billion
- Dubai Residential REIT – $584 million, the largest residential REIT in the Gulf
- Specialised Medical Company, United Carton Industries, and Umm Al Qura for Development & Construction
This surge reflects growing investor confidence and the region’s expanding capital markets.