{"id":108740,"date":"2025-10-23T00:00:00","date_gmt":"2025-10-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubizzle-delays-ipo\/"},"modified":"2025-10-23T00:00:00","modified_gmt":"2025-10-23T00:00:00","slug":"dubizzle-delays-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/10\/23\/dubizzle-delays-ipo\/","title":{"rendered":"Dubizzle delays IPO"},"content":{"rendered":"

Dubizzle delays Dubai IPO:<\/strong> Dubai-based classifieds platform Dubizzle postponed its planned DFM listing a day before bookbuilding was due to start, saying it will reassess the optimal timing in a statement<\/a> yesterday. This came despite \u201cstrong engagement and interest from investors,\u201d according to the company, and could be due to issues related to valuation, head of research at SICO Bank Nishit Lakhotia is quoted as saying by Bloomberg<\/a>. <\/p>\n

More mature markets now demand more realistic valuations and growth forecasts:<\/strong> \u201cCompanies have to leave something for the IPO investors in terms of headroom and also future growth expectations should look more realistic,\u201d he said. \u201cMarkets look more mature now and will punish IPOs that do not stick to these two factors.\u201d<\/span><\/p>\n

REFRESHER- <\/strong>The firm planned to offer 30.3%<\/a> of its shares \u2014 about 1.1 bn existing and 196 mn new shares \u2014 in a hybrid sale expected to value the company at around USD 2 bn. The proceeds from the long-awaited listing, in the works since 2023, had been earmarked for M&A and expansion.<\/p>\n

The move follows a string of <\/strong>underperforming UAE listings<\/a><\/strong>, including Alec Holdings, Talabat Holding, and Lulu Retail, all of which are currently trading below offer prices. <\/p>\n","protected":false},"excerpt":{"rendered":"

This came despite \u201cstrong engagement and interest from investors\u201d<\/p>\n","protected":false},"author":1,"featured_media":108741,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1560],"tags":[1201,7,1392,149],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-dubizzle","tag-enterpriseam-uae","tag-ipo","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"220dd114-dd73-4b00-8e2b-2f58d213ba72","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1826.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubizzle delays IPO a day before bookbuilding would have begun in rare about-turn","related_issue":[108735],"teaser":"This came despite \u201cstrong engagement and interest from investors\u201d","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.7e41a4c7-42fe-4826-a51d-03d90f8ba2b2.mp3"},"yoast_head":"\nDubizzle delays IPO - 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