FDC Consolidated has secured a $968.9 million market capitalisation for its upcoming initial public offering, establishing the deal as the largest equity raise on the Australian Securities Exchange so far in 2026.
The construction and fitout business will lodge its prospectus on Monday, July 7, ahead of a scheduled listing date of July 9.
8 million in the offering, a figure that underscores strong institutional appetite for traditional infrastructure plays even as tech-heavy listings dominate headlines.
The company has raised $400.8 million in the offering, a figure that underscores strong institutional appetite for traditional infrastructure plays even as tech-heavy listings dominate headlines.
The float represents a significant liquidity event for the firm's founders, Ben and Blake Cottle, who are set to receive a combined payout of approximately $240 million upon listing.
This development marks a shift in the ASX's IPO landscape, where bricks-and-mortar businesses are commanding premium valuations.
The size of the float places FDC ahead of other major listings attempted earlier in the year, signaling renewed confidence in the Australian construction sector's growth trajectory.