QXO, Inc. (NYSE: QXO) has announced a common stock offering of $2 billion, with the intention to grant underwriters an option to purchase up to an additional $300 million of shares. The net proceeds from the offering will be used for general corporate purposes, including potential future business acquisitions. Goldman Sachs & Co. LLC, Morgan Stanley, and Wells Fargo Securities are acting as underwriters for the offering, which will be made through a prospectus supplement under QXO’s effective registration statement on Form S-3ASR, as filed with the SEC.
As of the previous period, QXO's financial metrics are as follows:
- Revenue: $X
- Net Income: $Y
- Earnings Per Share (EPS): $Z
- Total Assets: $A
- Total Liabilities: $B
- Cash and Cash Equivalents: $C
- Debt: $D
QXO is the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States and aims to become the tech-enabled leader in the $800 billion building products distribution industry, targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Following these announcements, the company's shares moved -6.21%, and are now trading at a price of $22.05. Check out the company's full 8-K submission here.
