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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The classifieds company postponed its influential public listing on the Dubai stock exchange. A mismatch of expectations was at the core of it.
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Timely, detailed and well-written stories from the region
This month, Dubizzle has surprised many. The classifieds company has indefinitely postponed what was supposed to be one of the most notable public listings in the Gulf this quarter.
At a valuation of around $2 billion, Dubizzle was hoping to offload a 30% stake in the company. It was also looking at a $100 million outright commitment from its biggest shareholder, investment firm Prosus. And then, in just a short statement on the evening before the subscription process was to begin, the company deferred the plan.
“Since announcing its Intention to Float, Dubizzle Group has seen strong engagement and interest …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
