Allens has advised FDC on its successful initial public offering (IPO) and listing on the ASX.
Founded 36 years ago, FDC is a leading Australian construction, fitout and building services business with operations across commercial, health, education, industrial, aged care and data centre sectors.
The IPO raised approximately $400 million and valued FDC at around $1.1 billion on listing, making it the largest ASX IPO completed in 2026 to date.
‘We are delighted to have supported FDC on this important milestone. The successful IPO reflects the strength of the business that Ben Cottle, Blake Cottle and the FDC team have built over more than three decades, and positions the company strongly for its next phase of growth as an ASX-listed company,’ said lead partner Julian Donnan.
‘It has been a challenging environment for IPOs, owing to a range of factors. FDC’s successful implementation of this deal speaks to the quality of its business and the people who drive it. FDC is an incredible story and we are delighted to be part of that story,’ said partner Chris Blane.
The transaction builds on Allens’ experience advising issuers on significant Australian equity capital markets transactions.
