Jul 9, 2026 – 5.22pmIn the biggest float to hit the ASX this year, $1 billion builder FDC Consolidated Holdings has rocketed ahead on debut, on the back of a prospectus forecasting revenue growth of 14 per cent and more work on data centres, in a traditionally tough building market.Investors bought strongly into a stock that promises a 6.5 per cent dividend yield over the coming year – more than double that offered by the Commonwealth Bank – and in a public market starved of initial public offerings this year. Shares in FDC climbed 17 per cent within minutes of its launch on Thursday, later closing 37¢, or 12 per cent, above its $3 offer price.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Builder rockets on ASX debut, promising dividends, data centres
Investors bought strongly into a stock that promises a 6.5 per cent dividend yield, double that offered by the CBA, in a market starved of floats this year.
137 words~1 min read
