Ben Cottle’s FDC, an Australia-wide construction and fit-outs giant that’s been in the business for 35 years, has shoulder-charged into the 2026 IPO pipeline with nearly $1.5 billion in annual revenue.
FDC Construction & Fitout (FDC) has appointed investment banks UBS and MA Moelis to introduce it to fund managers and is working towards a sharemarket float before June that could see the business list with a market capitalisation above $1 billion, said people involved in the matter, who asked to remain anonymous.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com