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.

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.

The local sharemarket’s biggest float of the year is as different to SpaceX as it gets. It has raised $400 million and will lodge its prospectus on Monday.