Dubizzle taps new banks for 2025 IPO: Dubai-based platform Dubizzle Group has reportedly appointed Emirates NBD, Goldman Sachs, HSBC, and Morgan Stanley to work on its planned IPO in 2025, IFR reports, citing a source close to the transaction. Dubizzle had previously appointed Citigroup, alongside HSBC, for the IPO in 2023.

A USD 1 bn sale? The business information service says the transaction could raise between c. USD 500 mn and USD 1 bn.

THE DFM PIPELINE AT A GLANCE-

  • German last-mile delivery firm Delivery Hero tapped banks for the IPO of its food delivery unit Talabat in 4Q 2024;
  • Construction firm Alec tapped advisors for a planned IPO sometime in 1H 2024;
  • Amanat Holdings is looking to list its education and healthcare units, with reports that its healthcare unit could raise some USD 200 mn as soon as this year;
  • Hospitality group Five Holdings tapped advisors for a potential IPO next year;
  • Shisha producer Advanced Inhalation Rituals was said to be eyeing an IPO in 1H 2024.
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