FDC confirms $400m raise for July IPO
Make us a preferred source
Make us a preferred source on Google
The news: National construction and fit-out business FDC Group has lodged its prospectus with ASIC and is expected to list on the ASX on 9 July, subject to final regulatory approval.
The context: This follows the company’s initial public offering (IPO), which is set to raise $400 million at an offer price of $3 per security.
The company was founded 36 years ago and is a national construction and fit-out business that delivers new-build and refurbishment projects across a range of sectors.
According to its media release, FDC generated approximately $1.5 billion in revenue in 2025, with revenue forecast to grow to approximately $1.9 billion by 2027.
UBS and MA Moelis are acting as joint lead managers on the IPO, alongside advisers Allens, Deloitte and KPMG.
FDC’s managing director Russell Grady will be appointed as CEO, while Andrew Kearney will serve as chief financial and operating officer.
What they said: “After carefully considering a range of options, we believe an IPO is the right path for FDC. It allows us to continue leading the business and open ownership to more of the people who have helped build it,” founder Ben Cottle said.
The source: FDC media release
