Dubai - Dubizzle Group’s upcoming initial public offering (IPO) is set to be one of Dubai’s biggest listings this year, highlighting growing investor confidence in the UAE’s technology sector.
The company will sell 1.25 billion shares, equal to 30.34% of its capital, before listing on the Dubai Financial Market (DFM) on November 6, 2025. The offering marks one of the largest tech IPOs in recent years and signals Dubizzle’s shift toward profitability and renewed growth.
Since 2022, Dubai has seen several major IPOs across utilities, health care, and tech firms. Dubizzle’s listing stands out as a turnaround story, with improving financial results and a focus on long-term expansion.
The company’s revenue grew from $197.7 million in 2022 to $222 million in 2024, while first-half 2025 revenue reached $133 million, up 26% from the same period last year. Operating losses dropped sharply, turning into a small profit of $0.96 million in the first half of 2025.
On an adjusted basis, Dubizzle posted a net profit of $15.4 million in 2024 and $14 million in the first half of 2025, showing steady progress in profitability.
Dubizzle operates one of the most popular online marketplaces in the Middle East and North Africa, known for its strong presence in property, car, and classified listings.
The final IPO price will be announced on October 30. Analysts say the company’s improving performance and strong market position could attract both retail and institutional investors looking for growth in the region’s expanding tech sector.
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