Dubizzle Group, the Pakistani-founded digital classifieds giant, has officially announced its intention to proceed with an initial public offering (IPO) and list its ordinary shares on the Dubai Financial Market (DFM). The move represents a significant milestone for the group as it seeks to expand its investor base and accelerate growth across the Middle East and North Africa (MENA) region.
In a statement released on its website, Dubizzle Group confirmed that it will offer 1,249,526,391 shares, representing approximately 30.34% of its total issued share capital. The offering will include both new shares to be issued by the company and existing shares to be sold by current shareholders.
“Our IPO provides the opportunity to invest in MENA’s leading digital classifieds marketplace, pursuing accelerated growth,” the company stated. “We are pleased to announce our intention to offer shares through an Initial Public Offering on the Dubai Financial Market (DFM).”
Founded in 2013 by Pakistani brothers Imran and Zeeshan Ali Khan, Dubizzle Group has grown into one of the MENA region’s most recognized online marketplace networks. The group’s portfolio includes the property platform Bayut and the popular buy-and-sell website dubizzle, both of which have become category leaders in their respective sectors. The Ali Khan brothers previously co-founded Zameen.com in 2006 and currently own OLX Pakistan, further establishing their footprint in the region’s digital economy.
A third brother, Haider Ali Khan, joined the group in 2014, helping to steer its expansion and strengthen its position as a leader in digital real estate and classifieds technology.
Commenting on the IPO announcement, Imran Ali Khan, Co-founder and CEO of Dubizzle Group, described the listing as a pivotal next step in the company’s growth journey. “This IPO marks an exciting new chapter for Dubizzle Group,” he said. “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.”
According to the company’s IPO plan, the subscription period for UAE retail and professional investors will open on October 23, 2025, and close on October 29, 2025, with pricing and allocation to professional investors expected on October 30, 2025. The admission of shares to trading on the DFM is anticipated to take place on or around November 6, 2025.
The group’s largest shareholder, Prosus, through its subsidiary OLX B.V., has committed to investing $100 million in the IPO, reinforcing long-term investor confidence in Dubizzle’s growth trajectory.
Financially, Dubizzle Group continues to post strong performance metrics. The company reported adjusted revenue of $117 million in H1 2025, marking a 39% year-on-year increase, alongside 8 million monthly active users across its platforms.
The planned Dubai listing positions Dubizzle Group as one of the most prominent tech companies from Pakistan to reach public market status in the UAE. The move underscores the group’s ambition to strengthen its regional leadership in digital classifieds while paving the way for further innovation and expansion within the MENA tech ecosystem.
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