Jun 23, 2026 – 2.35pmFDC Construction & Fitout’s founder-brothers Ben and Blake Cottle will take home $240 million when their company hits the ASX boards next month. A handful of lucky employees are also expected to be made into millionaires overnight.Ben Cottle is the founder, majority owner and chair of FDC. AFRSarah 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.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Cottle brothers to ring in $240m payday as FDC IPO flies
Expect more ear-to-ear grins from just the Cottles and their advisers at FDC’s bell ringing. About $110 million of the IPO selldown will be used to reward key acolytes.
TL;DRAI
FDC Construction & Fitout's founder-brothers Ben and Blake Cottle will take home $240 million from their ASX IPO next month, with select employees also becoming millionaires. The deal demonstrates sustained institutional capital allocation toward construction and infrastructure sectors despite macroeconomic volatility.
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