FDC Construction & Fitout has secured a $970 million float for its initial public offering, establishing the deal as the largest equity raise on the Australian Securities Exchange so far in 2026.
The company is scheduled to begin trading on July 19, positioning it to compete directly with listed rival Shape Australia in the commercial construction sector.
The scale of the offering marks a significant milestone for the ASX, which has seen limited activity from major listings this year.
The deal overtakes recent high-profile retail IPOs, including those from SkinKandy and Koala, to claim the top spot for 2026.
This development suggests that institutional investors are returning to the equity markets with substantial capital, despite broader global uncertainty.
For the company's founders, Ben and Blake Cottle, the listing represents a major liquidity event.