Kuwaiti beauty platform Boutiqaat explores $1bn IPO
Kuwaiti beauty and lifestyle platform Boutiqaat is exploring an initial public offering (IPO) that could value the business at more than $1bn.
This comes after Bloomberg reported that Goldman Sachs is working on a potential listing with the platform, which could take place as early as the first quarter of 2027. If completed, it would rank among the largest private-sector IPOs in Kuwait’s history.
The company, founded in 2015 by entrepreneur Abdulwahab Alessa, operates an online marketplace for beauty, fragrance, fashion and lifestyle products and has built partnerships with international brands across Europe, North America and Asia.
Boutiqaat said the proposed flotation reflects its continued growth and plans to expand both regionally and internationally.
According to the company, a key part of its growth strategy is expanding its international footprint and strengthening relationships with global brands to support long-term growth and innovation.
It noted that a successful IPO would mark a significant milestone for both the business and Kuwait’s private sector, highlighting growing international investor interest in high-growth consumer businesses in the region.