QXO Prices Public Offering at $22.25 Per Share

By Philip Seaworth • Thursday, June 26 15:52 • Permanent Link

QXO, Inc. (NYSE: QXO) has announced the pricing of its public offering of 89,887,640 shares of common stock at a price of $22.25 per share. The offering, expected to close on June 26, 2025, grants the underwriters an option to purchase up to an additional 13,483,146 shares of common stock.

The net proceeds from the offering will be used for general corporate purposes, including funding future acquisitions of businesses. Goldman Sachs & Co. LLC, Morgan Stanley, and Wells Fargo Securities are acting as underwriters for the offering.

QXO is the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States, with plans to become the tech-enabled leader in the $800 billion building products distribution industry. The company aims to achieve $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Following these announcements, the company's shares moved 0.55%, and are now trading at a price of $21.9301. For the full picture, make sure to review QXO's 8-K report.

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