Dubai-based Emerging Markets Property Group, which operates classifieds portals across the Middle East and Asia, is considering an IPO, Bloomberg reported citing people familiar with the matter.
The company, which runs the Dubizzle and Bayut websites and is backed by tech investor Prosus NV, is set to hire Rothschild & Co. for the potential listing in Dubai or Abu Dhabi, the report said.
Details of the offering such as the size and timing are still preliminary and may change, it added.
In October, EMPG, which is present in more than 50 cities, raised $200 million in funding. The funding round was led by US-based growth equity fund Affinity Partners.
(Writing by Brinda Darasha; editing by Seban Scaria)