Jul 8, 2026 – 3.09pmAfter Elon Musk’s blockbuster SpaceX float injected new life into Wall Street’s IPO market, Australia could be about to follow suit this week as it prepares to welcome the country’s biggest initial public offering of 2026.Construction and fitout business FDC Consolidated is due to hit the boards on Thursday with a market capitalisation of around $1 billion. After raising $400 million in its IPO, it’s about to overtake retailers SkinKandy and Koala as the ASX’s biggest float this year.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles