other material
confidence high
sentiment neutral
materiality 0.85
QXO prices 37.7M share offering at $13.25/sh for ~$490M net to fund Beacon acquisition
QXO, Inc.
- Underwriting agreement for 37,735,850 shares at $13.25/sh; underwriters have option for 5,660,377 additional shares.
- Net proceeds expected ~$490M (or ~$564.2M if option exercised in full).
- Proceeds to finance portion of consideration for pending Beacon Roofing Supply acquisition; offering not contingent on closing.
- Underwriters: Morgan Stanley & Goldman Sachs; closing expected April 21, 2025.