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.

Investors are hoping FDC Construction’s debut on Thursday will have a similar impact on the local IPO market as SpaceX had on Wall Street.

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.