{"id":863466,"date":"2025-06-24T22:59:07","date_gmt":"2025-06-25T02:59:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/qxo-announces-pricing-of-common-stock-offering-2\/"},"modified":"2025-06-24T22:59:07","modified_gmt":"2025-06-25T02:59:07","slug":"qxo-announces-pricing-of-common-stock-offering-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/qxo-announces-pricing-of-common-stock-offering-2\/","title":{"rendered":"QXO Announces Pricing of Common Stock Offering"},"content":{"rendered":"

<\/p>\n

QXO Announces Pricing of Common Stock Offering<\/b><\/p>\n

GREENWICH, Conn.–(BUSINESS WIRE<\/a>)–
\nQXO, Inc. (NYSE: QXO) (the \u201cCompany\u201d or \u201cQXO\u201d) today announced the pricing of its previously announced public offering of 89,887,640 shares of its common stock (the \u201cOffering\u201d) at a price to public of $22.25 per share. The Offering is expected to close on June 26, 2025, subject to customary closing conditions.<\/p>\n

\nQXO has granted the underwriters of the Offering an option to purchase up to an additional 13,483,146 shares of common stock at the public offering price less underwriting discounts and commissions.<\/p>\n

\nQXO intends to use the net proceeds from the Offering for general corporate purposes, which may include, among other things, funding future acquisitions of businesses.<\/p>\n

\nGoldman Sachs & Co. LLC, Morgan Stanley and Wells Fargo Securities are acting as underwriters for the Offering.<\/p>\n

\nThe Offering is being made by means of a prospectus supplement under QXO\u2019s effective registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (the \u201cSEC\u201d).<\/p>\n

\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The Offering may be made only by means of a prospectus supplement relating to such Offering and the accompanying prospectus. Copies of the final prospectus supplement for the Offering and the accompanying prospectus can be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, or by e-mail at prospectus-ny@ny.email.gs.com<\/a>; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; and Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, by telephone at 800-645-3751 (option #5), or by e-mail at WFScustomerservice@wellsfargo.com<\/a>.<\/p>\n

About QXO<\/b><\/p>\n

\nQXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in the United States. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth.<\/p>\n

Cautionary Statement Regarding Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets or goals, the use of proceeds of the Offering and the expected closing date of the Offering, are forward-looking statements. These statements are based on plans, estimates, expectations and\/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201copportunity,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ctarget,\u201d \u201cgoal,\u201d or \u201ccontinue,\u201d or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others:<\/p>\n