other material
confidence high
sentiment neutral
materiality 0.75
QXO prices public offering of 31.6M shares at $23.80/share, expected net proceeds ~$750M
QXO, Inc.
- QXO to sell 31,645,570 shares at $23.80 each; net proceeds ~$750M (or ~$862.5M if over-allotment exercised).
- Underwriter granted option to purchase up to 4,746,835 additional shares at same price.
- Proceeds to be used for general corporate purposes, including funding future acquisitions.
- Offering expected to close January 20, 2026; BofA Securities sole underwriter.