Pakistani-Founded Dubizzle Group Announces Dubai IPO, Eyes Global Expansion

The UAE’s digital classifieds powerhouse Dubizzle Group, founded by Pakistani siblings Imran, Haider and Zeeshan Ali Khan, has revealed plans to launch an initial public offering (IPO) on the Dubai Financial Market (DFM). The move aims to fuel expansion across the MENA region and deepen Dubizzle’s position in the digital marketplace sector.

According to the company, it intends to offer 1,249,526,391 shares, representing 30.34% of its total share capital, combining newly issued shares and existing ones held by current stakeholders. The stock listing is slated for around November 6, 2025, with subscriptions opening in UAE markets from October 23 to October 29.

Dubizzle’s leadership described the IPO as “an opportunity to invest in MENA’s leading digital classifieds marketplace.” The group operates popular platforms including Bayut (real estate) and Dubizzle (general classifieds). Its portfolio also includes OLX Pakistan, positioning it as a cross-border tech conglomerate with both regional and local footprint.

Financial disclosures show H1 2025 adjusted revenue reached USD 117 million, a growth of 39% year-on-year. The group claims a monthly active user base of 8 million across its platforms. Major investor Prosus, via its OLX B.V. subsidiary, has committed USD 100 million to the IPO, underscoring confidence in the group’s trajectory.

Dubizzle Group is a leading digital classifieds and online marketplace operator headquartered in Dubai. Founded in 2005, the platform originally started as a community website for buying and selling secondhand goods but has since grown into a regional tech powerhouse with operations spanning the UAE, Saudi Arabia, Egypt, Pakistan, and other MENA markets.

The company specializes in connecting buyers and sellers across multiple verticals, including real estate, automobiles, jobs, electronics, and services. Over the years, it has acquired or merged with other major platforms like Bayut and OLX’s regional assets, consolidating its dominance in online classifieds.