• Dubizzle Group plans a DFM IPO, offering around 30.3% of its shares, or roughly 1.25B shares in total.
• Prosus, Dubizzle’s largest shareholder, will invest USD 100M in the IPO, signaling strong backing for the listing.
• Over the past two years, Dubizzle has acquired Drive Arabia, Hatla2ee, and Property Monitor to strengthen its regional tech presence.

Dubizzle

Dubizzle Group, MENA’s digital classifieds marketplace, announced its intention to proceed with an initial public offering and to list its ordinary shares for trading on the Dubai Financial Market (DFM).

“This IPO marks an exciting new chapter for Dubizzle Group. By welcoming a broader shareholder base, we are positioning the Group to accelerate growth, deepen our presence in the markets where we operate, and create long-term value for our users, clients, employees, and shareholders alike,” said  Imran Ali Khan, CEO of Dubizzle Group.

The offering represents approximately 30.34% of the Group’s total issued share capital. It consists of both new shares to be issued by the company and existing shares to be sold by current shareholders.

Dubizzle Group plans to offer around 30.3% of its total shares, about 1.25 billion shares in total, in its upcoming IPO. The sale will include both new shares issued by the company and existing shares sold by current shareholders. This includes approximately 196 million new shares issued by the company and 1.05 billion sale shares. 

The company and its selling shareholders may adjust the size of the offering before the subscription period ends, in line with UAE regulations and after notifying the Securities and Commodities Authority (SCA). Additionally, Prosus N.V, the group’s largest shareholder, committed to invest USD 100 million in the IPO. 

Recent Acquisitions

In the past two years, Dubizzle acquired three companies. In May 2024, Dubizzle acquired Drive Arabia, the automotive news, reviews and car comparison platform. With this acquisition, it aimed to enhance its range of new car options and offer comprehensive solutions for users. In the same vein, in February 2025, the group also acquired Hatla2ee, an Egyptian online car marketplace.The acquisition aims to provide car buyers and sellers with a seamless, tech-driven experience through integrating Dubizzle technology into Hatla2ee’s platform. Both these acquisitions were in an attempt to extend its precedence in the automotive sector while providing innovative solutions to its customers.

Most recently in April 2025, the group also acquired UAE- based real estate technology and market intelligence provider, Property Monitor. With this acquisition, it aims to strengthen its real estate tech offerings and expand in the MENA region.