Dubizzle prepares for an upcoming IPO worth around $2 billion in Dubai.

Dubai-based company Dubizzle is gearing up to initiate investor interest assessments next week as a precursor to its planned initial public offering (IPO). This move signals the growing trend of listings in the emirate, with companies eager to capitalize on the substantial recovery in Dubai's real estate market.
According to informed sources cited by Bloomberg, Dubizzle intends to commence promotional presentations for investors starting this coming Monday. The company's valuation could reach approximately $2 billion. Currently, representatives from Dubizzle have declined to comment on specific details concerning the offering.
The company has engaged several major financial institutions to manage the process, including Emirates NBD, Goldman Sachs, HSBC, and Morgan Stanley. Additionally, Rothschild & Co. is advising as the financial consultant for this deal.