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Australian construction contractor FDC Group has filed for an initial public offering (IPO) to raise AUD 400 million, valuing the company at around AUD 969 million (USD 667.64 million). The IPO includes the sale of 133.6 million shares, representing 41% of the company's issued share capital, at an offer price of AUD 3.00 per share. FDC plans to list on the Australian Securities Exchange (ASX) in early July, subject to regulatory approval. The company has also projected strong revenue growth for 2027, supported by its expanding project pipeline across Australia.
Australian construction contractor FDC Group has filed a prospectus for an initial public offering (IPO), aiming to raise AUD 400 million while seeking a market valuation of AUD 969 million (USD 667.64 million).
The IPO will comprise 133.6 million shares, representing 41% of the company's total issued share capital, with an offer price of AUD 3.00 per share. Based on the offer price, the company is expected to achieve a valuation of nearly USD 668 million.
Following the listing, the company will trade on the Australian Securities Exchange (ASX) as FDC Consolidated Holdings under the ticker symbol FDC. Trading is scheduled to begin on July 9, subject to approval from the ASX.
FDC has projected revenue of AUD 1.9 billion (USD 1.31 billion) for 2027, compared with AUD 1.5 billion reported in 2025. The company said the expected growth is supported by a strong pipeline of construction projects already secured across Australia.
Founded as a building services business, FDC delivers construction, refurbishment and fit-out projects across commercial, residential, education, health, industrial and government sectors throughout Australia. The company has built a broad project portfolio over the years and is looking to strengthen its position through the public listing while supporting future business growth.
The IPO comes at a time when Australia's construction sector continues to see demand for infrastructure, commercial developments and refurbishment projects despite ongoing cost and labour challenges across the industry.
Source Reuters
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