ASX registers 100 new listings in FY26

ASX recorded its strongest listings year since FY22, with new listings rebounding despite higher interest rates, renewed inflation pressures and heightened global uncertainty.

A total of 100 new entities listed on ASX in FY26, up 45% on FY25, while total new capital quoted reached $91.0 billion, the highest level since FY22.

New listings added $32.6 billion in quoted market capitalisation, an 86% increase on FY25, and IPO capital raised totalled $5.6 billion, above the five-year average of $4.9 billion, resulting in net new capital quoted reaching $37.1 billion.

James Posnett, ASX General Manager, Listings, stated that FY26 marked a constructive step forward for Australia's listings market, with activity returning towards long-run averages despite a challenging macroeconomic backdrop.

He noted that companies continue to choose ASX for capital raising and liquidity, and that the recovery in IPO activity, strong follow-on capital raisings, and a significant increase in international listings point to the depth and resilience of Australia's public markets.

Posnett emphasised that ensuring the right settings to encourage vibrant public markets is essential for lowering the cost of capital and enabling domestic companies to invest, expand, and compete globally.

International listings rose to 23 in FY26, up from five in FY25 and well above the five-year average of 13, with four international companies listing with market capitalisations above $1 billion, including Ryman Healthcare, DPM Metals, Channel Infrastructure NZ, and Pan African Resources.

US-based Light & Wonder delisted from Nasdaq to become sole-primary listed on ASX in November 2025, bringing its full market capitalisation of approximately $11 billion onto the exchange.

Resources continued to anchor activity, with the Materials sector accounting for 30 new listings, supported by investor interest in gold, silver, copper, lithium, and critical minerals, while new listings also emerged from real estate, healthcare, industrials, financial services, and consumer sectors.

Follow-on capital raisings remained a key strength, with ASX-listed companies raising $37.8 billion in FY26, up 20% on FY25, and ASX has ranked first globally by volume of follow-on transactions in nine of the past ten financial years.

The IPO pipeline entering FY27 is the strongest in four years, increasingly weighted towards larger and more diverse transactions, with particular investor interest in artificial intelligence, digital infrastructure, metals and mining, defence technology, energy transition, and income-focused vehicles.