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.

Ben Cottle’s FDC, which has decked out many a Sydney CBD office, is set to become 2026’s biggest ASX debut so far as it opens the books for a $400 million IPO.

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.

It will start trading on the ASX on July 19, competing with listed rival Shape Australia – and overtaking retailers SkinKandy and Koala as 2026’s largest IPO so far.