Dubizzle Holding Group, which specializes in the field of digital markets for classified ads, announced its intention to proceed with the initial public offering and list its ordinary shares for trading on the Dubai Financial Market.
A statement issued yesterday stated 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 the existing shares owned by current shareholders. The final offering price is determined through the process of creating a register of subscription orders during the subscription period.
The subscription period is scheduled to begin on October 23, 2025, and will end on the 29th of this month for both individual investors in the UAE and professional investors, and it is expected that the subscription will be priced and allocated to professional investors on October 30, 2025.
Dubizzle Group CEO, Imran Ali Khan, said: “The initial public offering represents a new and important stage in the group’s journey, as we aim, by expanding our shareholder base, to accelerate the pace of growth, strengthen our presence in the markets in which we are active, and achieve sustainable value for our users, customers, employees, and shareholders alike.”
Morgan Stanley, Emirates NBD, Goldman Sachs, and HSBC will be the joint global coordinators for the initial public offering, while Abu Dhabi Commercial Bank, Barclays, and EFG Hermes Holding will be the joint managers for the offering.
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