Dubizzle Group to launch IPO on Dubai Financial Market
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Dubizzle Group Holdings said it plans to proceed with an initial public offering (IPO) and list its shares on the Dubai Financial Market (DFM).
The company intends to offer about 30.34 percent of its issued share capital, equal to 1.25 billion shares. The offer includes 196.1 million new shares issued by the company and 1.05 billion existing shares sold by current shareholders.
The final offer price will be set through a book-building process during the subscription period, which opens on October 23, 2025 and closes on October 29, 2025, for both UAE retail and professional investors. Pricing and allocation to professional investors are expected on October 30, 2025.
Shares of Dubizzle are expected to start trading on or around November 6, 2025, on the Dubai exchange.
Prosus NV, Dubizzle’s largest shareholder through its subsidiary OLX BV, has committed to invest $100 million in the offering. The IPO will be structured in accordance with Shariah principles.
Dubizzle Group operates major online platforms, including dubizzle and Bayut, which connect individual and business sellers with buyers across sectors such as real estate and automotive.