UAE – Mubasher: Bayt.com, a leading online marketplace for jobs in the Middle East, is planning to file for an initial public offering (IPO) over the coming period, Al Bayan newspaper reported.

The Dubai-based company will go public based on the stock markets’ conditions, the company’s CEO and founder Rabea Ataya said, adding that the IPO is unlikely to take place in 2019.

Ataya noted that the company has received a number of acquisition offers from well-known companies over the past years that have been rejected.

He pointed out that the company aims to be the acquirer, not the acquired, indicating that it is currently expanding in terms of geographic presence and services.

Bayt.com now employs more than 40,000 companies and serves around 36.3 million job seekers across the region.