Dubizzle Group, the Pakistani-founded digital marketplace operator, has announced its intention to proceed with an initial public offering (IPO) on the Dubai Financial Market (DFM). The group, which operates major platforms across the Middle East and North Africa (MENA), including Bayut and dubizzle, shared the details of its planned listing on Monday. According to the company, the offering will provide investors with an opportunity to participate in the growth of one of the region’s leading online classifieds ecosystems.
The IPO will include 1,249,526,391 shares, representing approximately 30.34 percent of the group’s total issued share capital. The offering will consist of both new shares issued by Dubizzle Group and existing shares sold by current shareholders. The final offer price will be determined through a book-building process during the subscription period. The subscription window for UAE retail and professional investors is set to open on October 23, 2025, and will close on October 29, with pricing and allocation to professional investors expected on October 30. Trading of shares on the DFM is anticipated to commence around November 6, 2025.
Dubizzle Group was founded in 2013 by Pakistani brothers Imran and Zeeshan Ali Khan, who had earlier co-founded Zameen.com in 2006, a platform that transformed Pakistan’s online real estate landscape. Their younger brother, Haider, joined the business in 2014, helping expand the company’s reach across the MENA region. Today, the Dubizzle Group portfolio includes several well-known digital platforms, such as Bayut and OLX, serving millions of users with listings for real estate, vehicles, and general goods. The company focuses exclusively on the MENA region and has emerged as a dominant player in online marketplaces.
Imran Ali Khan, Co-founder and CEO of Dubizzle Group, described the IPO as a milestone in the company’s growth trajectory. He stated that by opening the business to a wider shareholder base, the group aims to accelerate expansion, strengthen its market presence, and create sustained value for its community of users, clients, and employees. The announcement also revealed that Prosus, the company’s largest shareholder through its subsidiary OLX B.V., has committed to invest $100 million in the IPO, underscoring confidence in the group’s long-term vision.
According to Dubizzle Group’s financial disclosure, its adjusted revenue for the first half of 2025 reached $117 million, marking a 39 percent increase year-on-year. The company also reported having around eight million monthly active users across its platforms during the same period. This performance highlights the group’s strong operational base and growing user engagement across multiple markets. With the planned listing on DFM, Dubizzle Group aims to further expand its digital footprint across the region and strengthen its leadership position in the online marketplace sector.
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