Dubizzle Holding Group, specialized in digital classified advertising markets, announced its intention to proceed with an initial public offering (IPO) and list its ordinary shares for trading on the Dubai Financial Market.

A statement issued yesterday indicated that the offering represents about 30.34% of the total issued shares in the company’s capital, equivalent to 1.25 billion shares.

The offering includes the sale of new shares issued by the company, in addition to existing shares owned by current shareholders. The final offering price will be determined through the book-building process during the subscription period.

The subscription period is scheduled to start on October 23, 2025, and end on October 29, 2025, for individual investors in the UAE and professional investors. Pricing and allocation for professional investors are expected on October 30, 2025.

Dubizzle Group CEO, Imran Ali Khan, said: “The IPO represents a new and important phase in the group’s journey, as we aim to accelerate growth by expanding our shareholder base, strengthen our presence in the markets we operate in, and create sustainable value for our users, clients, employees, and shareholders alike.”

Morgan Stanley, Emirates NBD, Goldman Sachs, and HSBC will act as joint global coordinators for the IPO, while Abu Dhabi Commercial Bank, Barclays, and EFG Hermes Holding will be joint bookrunners.