Dubizzle Group Announces DFM IPO: Key Dates, Price Range, and $2 Billion Valuation

In a landmark move for the region's tech sector, Dubizzle Group, a leading online classifieds platform, has officially announced its intention to list on the Dubai Financial Market (DFM). The Initial Public Offering (IPO) will see approximately 30.34% of the company's shares offered to the public, positioning it as one of the most significant tech listings in the UAE for 2025.

The offering will consist of 1.25 billion ordinary shares, a mix of newly issued shares and existing ones sold by current shareholders. Post-IPO, the company's total number of shares is expected to reach 4.12 billion.

Dubizzle IPO: Key Dates and Timeline for Investors

Prospective investors should mark their calendars with the following critical dates for the Dubizzle IPO:

• Subscription Period: Opens October 23, 2025, and closes October 29, 2025, for both retail and institutional investors.
• Final Offer Price Announcement: October 30, 2025.
• Allocation and Confirmation: November 4, 2025.
• First Day of Trading on DFM: Projected to be November 6, 2025.

The IPO is being managed by a syndicate of prominent financial institutions, including Emirates NBD Capital, Abu Dhabi Commercial Bank, HSBC, and EFG Hermes UAE, with Rothschild & Co serving as the independent financial advisor.

Financial Performance and Path to Profitability

Dubizzle Group has demonstrated strong revenue growth, a key factor for investor confidence. The company's financial highlights include:

• Revenue: Grew to $222 million in 2024, up from $220.8 million in 2023. For the first half of 2025, revenue saw a significant jump to $133 million, compared to $105 million in H1 2024.
• Profitability: While the company reported a net loss of $62.3 million in 2024, it has made substantial progress toward profitability. The net loss narrowed dramatically to $8.9 million in H1 2025.
• Adjusted Profit (non-IFRS): On an adjusted basis, which excludes one-time items, the company was profitable, reporting $15.4 million in 2024 and $14 million in H1 2025.

This improving financial trajectory is fueled by strong growth in its core UAE market, even as it continues strategic investments to expand its footprint in Saudi Arabia and other MENA regions.

Shareholding Structure and Leadership Post-IPO

Following the public listing, OLX B.V. will remain the largest shareholder, retaining a 37.95% stake. Other significant pre-IPO shareholders include investment firms like Kingsway Frontier Consumer Internet Fund (11.01%) and KCK Ventures III (14.02%).

The company will continue to be led by an experienced board, with Nael Karim Kassar as Chairman and co-founder Imran Ali Khan as Vice Chairman, ensuring stability and strategic continuity.

Strategic Use of Proceeds and Market Outlook

The primary goals for the capital raised from the IPO are to:

• Settle the company's employee stock ownership plan.
• Fund strategic mergers and acquisitions (M&A).
• Provide financial flexibility for ongoing growth initiatives.

Analysts suggest the IPO could value Dubizzle Group at approximately $2 billion, a testament to its market position and growth potential. This listing is poised to be a bellwether for the Middle Eastern tech scene, testing investor appetite for homegrown, growth-oriented digital companies and providing a significant liquidity event for the region's startup ecosystem.