FY26 ASX listings sat below five-year average

Although ASX recorded its strongest listings in the financial year ending 30 June 2026 since FY22, the latest figure remained below the five-year average of 101, with the number of total listed entities continuing to fall.

New listed entities number for FY26 was 100, up 45% from the previously corresponding period (69) despite having an identical initial public offering (IPO) capital raise of $5.6 billion.

New listings added $32.6 billion in quoted market capitalisation, an 86% increase on FY25, and total new capital quoted reached $91 billion, the highest level since FY22, ASX said.

In all, according to its June marketing report, 2042 entities remained listed on the exchange as at June 30, compared to 2083 in FY25, presenting a shrinking listed market.

However, ASX general manager, listings James Posnett said FY26 was a constructive step forward for Australia's listings market despite a more challenging macroeconomic backdrop in the second half of the period.

"Companies continue to choose ASX to raise capital, access liquidity and connect with Australia's deep pool of long-term investment capital. The recovery in IPO activity, strong follow-on capital raisings and significant increase in international listings all point to the depth and resilience of Australia's public markets," Posnett said.

"Ensuring we have the right settings to continue to encourage vibrant public markets is essential. A strong, well-functioning public market lowers the cost of capital for Australian companies, enabling them to invest, expand, and compete globally while keeping ownership and value creation anchored domestically."

He noted international listings were a standout feature, with more global companies choosing ASX, including DPM Metals from Canada, Ryman Healthcare and Channel Infrastrcuture Nz from New Zealand, and Pan African Resources from South Africa, which were all listed in FY26 and are part of the top 15 ASX international listings over the past five financial year.

"International listings increased to 23 in FY26, up from five in FY25 and well above the five-year average of 13," Posnett continued.

"The quality and scale of international companies listing on ASX continued to improve, reinforcing the relevance of Australia's market on the global stage and the appeal of its sophisticated investor base, including the country's $4.4 trillion superannuation system."

He also highlighted the resource sector continued to anchor activity, with the sector garnering 30 new listings, and how follow-on capital raisings remained a key strength of the ASX market.

Looking ahead, Posnett remained optimistic with more opportunities continue to emerge.

"The IPO pipeline entering FY27 is the strongest it has been in four years and is increasingly weighted towards larger and more diverse transactions," he added.

"Investor interest remains particularly strong in artificial intelligence and digital infrastructure, including data centre assets, while metals and mining, defence technology, energy transition and income-focused vehicles continue to feature prominently."