QXO prices 31.6 million share offering at $23.80 per share

QXO Inc. (NYSE: QXO) announced the pricing of its public offering of 31,645,570 shares of common stock at $23.80 per share. The offering is expected to close on January 20, 2026, subject to customary closing conditions.

The building products distributor granted underwriter BofA Securities an option to purchase up to an additional 4,746,835 shares at the public offering price less underwriting discounts and commissions.

QXO stated it intends to use the net proceeds for general corporate purposes, which may include funding future acquisitions of businesses. BofA Securities is serving as the sole underwriter for the offering.

The offering is being conducted through a prospectus supplement under QXO's effective registration statement on Form S-3ASR filed with the Securities and Exchange Commission.

Based in Greenwich, Connecticut, QXO describes itself as the largest publicly traded distributor of roofing, waterproofing and complementary building products in North America. The company has stated plans to reach $50 billion in annual revenues within the next decade through acquisitions and organic growth.

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