Emerging Markets Property Group, which operates classifieds websites popular with expatriates in the United Arab Emirates, is considering an initial public offering, according to 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 people said, asking not to be identified as the information isn’t public.
Details of the offering such as the size and timing are still preliminary and may change, the people said. Other banks may still be invited to pitch to work on the deal.
Representatives for EMPG weren’t immediately available for comment and Rothschild declined to comment.
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