Core Viewpoint - QXO, Inc. has announced a public offering of 31,645,570 shares of its common stock at a price of $23.80 per share, with the offering expected to close on January 20, 2026, subject to customary closing conditions [1][2]. Group 1: Offering Details - The underwriter has an option to purchase an additional 4,746,835 shares at the public offering price, less underwriting discounts and commissions [2]. - The net proceeds from the offering will be used for general corporate purposes, which may include funding future acquisitions [2]. - BofA Securities is acting as the sole underwriter for the offering [2]. Group 2: Company Overview - QXO is the largest publicly traded distributor of roofing, waterproofing, and complementary building products in North America [5]. - The company aims to become the tech-enabled leader in the $800 billion building products distribution industry and targets $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth [5]. Group 3: Regulatory Information - The offering is being made by means of a prospectus supplement under QXO's effective registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (SEC) [3].
QXO Announces Pricing of Common Stock Offering