QXO, Inc. announced the pricing of its public offering of 37,735,850 shares of common stock at $13.25 per share. The offering is expected to close on April 21, 2025, subject to customary closing conditions. QXO intends to use the net proceeds from this offering to finance a portion of the consideration for its pending acquisition of Beacon Roofing Supply, Inc.
This equity raise is a crucial step in securing the necessary capital for the $11 billion acquisition, reinforcing QXO's financial strategy for its transformative growth. Morgan Stanley and Goldman Sachs & Co. LLC are acting as the underwriters for the offering. The successful pricing of this offering demonstrates QXO's ability to attract investor capital for its strategic initiatives.
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