Dubizzle Holding has announced its plan to proceed with its initial public offering (IPO) and list its ordinary shares on the Dubai Financial Market.
According to a statement issued by the company, the offering will represent approximately 30.34% of the total issued shares in the group's capital, and includes new shares issued by the company in addition to existing shares sold by current shareholders.
The subscription period is scheduled to open on October 23, 2025, and close on October 29, 2025, with trading commencing on or about November 6, 2025. The final offering price will be determined through a bookbuilding process.
As part of the offering, Prosus NV, dubizzle's largest shareholder through its subsidiary OLX BV, pledged to invest $100 million in the listing. Prosus, listed on Euronext Amsterdam, is one of the world's largest companies, with a market capitalization of approximately $170 billion.
The group, which specializes in digital classifieds, is known for its platforms Dubizzle and Bayut, which attract approximately 18 million monthly active users. The company has strengthened its market presence through strategic acquisitions, including DriveArabia, Property Monitor, and Hatla2ee, expanding its range of services and competitiveness.
The company appointed Rothschild & Co. as an independent financial advisor, while Emirates NBD Capital is acting as listing advisor and joint global coordinator alongside Goldman Sachs, HSBC, and Morgan Stanley.
The company aims to use the proceeds from the offering to fund its employee stock ownership program, continue strategic acquisitions, and maintain financial flexibility to support future growth.
Over the past eighteen months, the group has made three acquisitions, including DriveArabia, Property Monitor, and Hatlaqi, to strengthen its regional presence and expand its technical capabilities. The group also continued its expansion in Saudi Arabia via the Bayut.sa platform, which has exceeded 3.5 million monthly visits.
