Dubizzle Group Postpones Planned IPO The company has decided to assess optimal timing for the offering in the future.

By Entrepreneur Middle East Staff

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock

Dubizzle Group Holdings PLC, a MENA-based digital classifieds marketplace, today announced its decision to postpone its planned initial public offering (IPO) on the Dubai Financial Market (DFM).

Since announcing its Intention to float, Dubizzle Group has seen strong engagement and interest from investors, reflecting the company's market leadership, profitability, and growth prospects across the UAE and Saudi Arabia.

However, the company has decided to postpone its planned IPO and assess optimal timing for the offering in the future.

Dubizzle Group remains focused on executing its strategy of growing its highly profitable UAE business and expanding its footprint in Saudi Arabia.
Entrepreneur Middle East Staff

Entrepreneur Staff

Most Popular

See all
Business News

How to Write a Business Plan

Learn the essential elements of writing a business plan, including advice and resources for how to write and conduct each section of your business plan.

Marketing

April 21 Is Your Last Chance for Mobile Optimization Before 'Mobilegeddon'

The search giant is currently working on a major algorithm change that will revolutionize the way mobile friendliness is determined.

By
Leadership

Revolutionizing Proptech: Haider Ali Khan, CEO of Bayut and dubizzle, and CEO of Dubizzle Group MENA

Born from a mission to redefine real estate through technology, Bayut sparked a movement that evolved into the global proptech and classifieds leader, Dubizzle group — and today, we go back to understanding the homegrown powerhouse that started it all.

By Tamara Pupic
Marketing

The Quickest Way to Deliver Your Message? Make It Visual.

Infographics, dashboards and mobile apps provide a direct avenue to our brains. Use them to your advantage.

By Khuram Zaman
Starting a Business

College Startup Offers a Creative Approach to Banish Boring Presentations

Instead of boring slides with bullet points and clip art, Big Fish creates presentations that tell stories and resonate emotionally with viewers.

By Jodi Helmer
News and Trends

International Fashion Brand Maison D'AngelAnn Secures US$2 Million Investment From A Private Family Office In The UAE

The newest round of funds follows Maison D'AngelAnn's $7 million investment in November 2020 from The Gate Business Services, a UAE-based investment and real estate consultancy, which also saw it also acquire a majority stake in the business.

By Entrepreneur Middle East Staff