Dubizzle Plans IPO on Dubai Financial Market

Dubizzle Holding PLC, the leading digital classifieds marketplace in the Middle East and North Africa (MENA), on Monday announced its intention to proceed with its initial public offering (IPO) and listing of its ordinary shares on the Dubai Financial Market (DFM).

Through its two leading platforms, dubizzle and Bayut, the dubizzle Group is a well-established name in the UAE. Through its integrated digital ecosystem, it connects individuals and businesses, including sellers and advertisers, with potential buyers across vital sectors, particularly real estate and cars.

The company is ranked as the leading car classifieds company in the UAE, and the group holds the number one position in the country’s property classifieds market, reflecting its established position as the primary choice for real estate agencies, car dealers, and users alike.

The offering represents approximately 30.34% of the total issued shares in the company’s capital and includes the sale of new shares issued by the company, in addition to existing shares owned by current shareholders.

The final offering price is determined through the process of creating a subscription order book during the subscription period, which is scheduled to start on 23 October 2025, and end on 29 October 2025, for both individual investors in the UAE and professional investors.

The subscription for professional investors is expected to be priced and allocated on 30 October 2025 and the Shares are expected to be admitted to trading on the DFM on or about 6 November 2025, subject to market conditions and the necessary regulatory approvals in the UAE, including the approval for subscription and trading on the Dubai Financial Market.

Prosus NV, one of the largest shareholders (through its subsidiary OLX BV), has committed to investing $100 million in the IPO as part of the offering process, reflecting its continued strategic support for the Dubizzle Group.

New and Important Phase

Dubizzle Group CEO Imran Ali Khan said that his company has been a leading digital classifieds marketplace in the MENA region, attracting 18 million monthly active users across diverse sectors including real estate, automotive, general merchandise, and more.

The company’s platforms are deeply connected to the daily lives of individuals in the UAE, Saudi Arabia, and the rest of the MENA region, with dubizzle and Bayut being among the most recognised and trusted digital brands in the region.

The company is proud on its partnerships with thousands of real estate agencies, developers, and car dealers, enabling them to reach their target audience more efficiently and supporting their business growth through innovative digital solutions that support market development and enhance transparency and credibility.

“The IPO represents a new and important phase in the journey of the Dubizzle Group. By expanding our shareholder base, we aim to accelerate our growth, strengthen our presence in the markets in which we operate, and deliver sustainable value to our users, customers, employees, and shareholders alike,” Khan added.

Prosus NV, the largest shareholder in the dubizzle Group (through its subsidiary OLX BV), has committed to investing $100 million in the group’s initial public offering. This investment is part of the offering process and reflects the company’s continued and long-standing support for the dubizzle Group.

Offering Details

Dubizzle Group intends to offer 30.34% of its total issued share capital, equivalent to 1,249,526,391 shares, consisting of 196,114,887 new shares issued and sold by the Company, in addition to 1,053,411,504 shares sold by the Selling Shareholders of the company.

Both the company and the Selling Shareholders reserve the right to amend the size of the Offering and the size of any Tranche at any time prior to the end of the Subscription Period at their sole discretion, in accordance with applicable UAE laws and notification to the Securities and Commodities Authority (SCA).

The primary use of the net proceeds from the IPO received by the company will be to settle the Employee Stock Ownership Plan; to fund strategic merger and acquisition opportunities; and to maintain strategic flexibility for future growth.