Dubizzle Group Postpones Dubai IPO Amid UAE Market Volatility

Dubai-based digital classifieds leader Dubizzle Group has postponed its much-anticipated initial public offering on the Dubai Financial Market, deciding to reassess market conditions to identify a more favorable timing for the IPO. The decision came just before the book-building process was due to start, reflecting broader uncertainty in the UAE capital markets following mixed performances of recent IPOs such as Alec Holdings, Talabat, and Lulu Retail. Despite the delay, Dubizzle reported strong investor interest based on its dominant market position, profitability, and growth prospects, particularly in the UAE where it generated $105 million in adjusted revenue with nearly 50% profit margins in the first half of 2025. The group also highlighted its strategic focus on expanding its footprint in Saudi Arabia, where it entered the market in 2024. Backed by major investors including Prosus NV and a consortium led by Jared Kushner's Affinity Partners, Dubizzle remains committed to its growth strategy amid a busy regional listing environment that has raised nearly $50 billion since 2022. The company emphasized that the postponement was a tactical decision to wait for more optimal market conditions rather than a reflection of diminished investor confidence.