QXO Announces Pricing of Its Common Stock Offering at $23.80 Per Share

GREENWICH, Conn. – QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today confirmed the pricing of its previously announced public offering of 31,645,570 shares of its common stock at a price to the public of $23.80 per share. This pricing reflects the Company’s continued commitment to accessing capital markets and supporting its long-term operational and acquisition strategy.

Overview of the Offering

QXO priced its underwritten public offering of more than thirty-one million shares of common stock, with the aim of closing the offering on January 20, 2026, subject to customary closing conditions. As part of the offering agreement, QXO has granted the underwriter an option to purchase up to an additional 4,746,835 shares of common stock at the public offering price, less underwriting discounts and commissions.

This kind of over-allotment option (often called a “greenshoe option”) gives the underwriter the ability to sell more shares than originally planned if market demand is high, helping stabilize the share price post-offering.

Underwriting and Distribution

The offering is being conducted through a registration statement on Form S-3ASR filed with the U.S. Securities and Exchange Commission (“SEC”). BofA Securities, Inc. is acting as the sole underwriter for the transaction, managing distribution to institutional and qualified investors.

Underwriters play a critical role in public offerings: they work with the issuing company to set the final price, assume risk by purchasing shares from the company, and then resell them to investors. In this case, BofA has agreed to assist QXO in both the pricing and distribution of these newly issued common shares.

Purpose of the Offering

QXO intends to use the net proceeds from the offering primarily for general corporate purposes. According to the company’s statement, these purposes could include, but are not limited to:

• Funding future acquisitions of businesses that align with QXO’s strategic goals
• Strengthening working capital
• Supporting growth projects within its expansive building products distribution network

Proceeds from offerings like these provide liquidity and flexibility, especially for companies focused on acquisition-driven growth, enabling them to move quickly when strategic opportunities arise.

About QXO: Company Profile and Strategic Vision

QXO is a publicly traded company listed on the New York Stock Exchange under the ticker symbol “QXO.” It is one of the largest distributors of roofing, waterproofing, and complementary building products in North America.

The company’s stated long-term vision is to become the tech-enabled leader in the nearly $800 billion building products distribution industry. This means blending traditional distribution operations with digital tools, automation, and data-driven systems to increase efficiency and expand its market reach.

This capital raise is part of QXO’s broader strategy to build out its footprint both organically and through acquisitions. The company has publicly discussed its ambition to reach $50 billion in annual revenue within the next decade. QXO believes that proactive investment and thoughtful financial planning are central to achieving that goal.

Forward-Looking Statements and Risk Considerations

The press release includes forward-looking statements as defined under the U.S. securities laws. These statements are based on current expectations and assumptions that involve risks and uncertainties. Typical factors that could cause actual results to differ materially include economic conditions, market demand, the performance of acquisition targets, and regulatory changes.

Investors are cautioned not to place undue reliance on forward-looking statements, as they are subject to known and unknown risks. These include uncertainties about the closing of the offering, the timing of acquisitions, integration of acquired businesses, and general conditions in the financial markets.

Investor and Media Contacts

For readers and potential investors seeking more information, QXO provided direct contact details for its communications teams:

• Media Contact: Joe Checkler – [email protected] | +1 203-609-9650
• Investor Contact: Mark Manduca – [email protected] | +1 203-321-3889

These contacts are available to address questions around the offering, strategic plans, and other investor-related inquiries.

Contextual Industry Implications

QXO’s decision to raise capital through a public offering comes at a time of heightened merger and acquisition activity within the U.S. building products and construction distribution sectors. Industry players are leveraging financial markets to support consolidation strategies, expand geographical reach, and diversify service offerings.

In addition to its own offering, QXO has been active in securing external financing commitments. Recently announced transactions included a multi-billion-dollar investment led by global institutional investors aimed at financing acquisitions and further strengthening the company’s competitive positioning.

These developments suggest that QXO is aligning its capital structure to balance both organic growth and strategic acquisitions, which are increasingly essential in a fragmented building products market where scale and efficiency can drive competitive advantage.

What Investors Should Know

Investors considering QXO’s newly issued shares or analyzing the company’s broader financial picture should weigh several important factors:

• Market Conditions: The pricing of shares and investor appetite for the offering may reflect broader equity market trends.
• Acquisition Opportunities: How effectively QXO deploys the capital raised will influence future revenue performance.
• Industry Trends: Regulatory shifts, construction activity levels, and supply chain dynamics can impact the demand for QXO’s products.
• Stock Dilution: Issuing new shares dilutes existing share ownership, which can affect share price and earnings per share depending on growth results.

Analysts and financial advisors often recommend that investors consider these variables in the context of their own risk tolerance and investment horizons.

Conclusion: Strategic Capital Raise with Growth in Mind

QXO’s announcement of the pricing of its common stock offering underscores the company’s active approach to capital formation and strategic growth. By leveraging the public markets, QXO is positioning itself to support future acquisitions and continue expanding its footprint in the large and complex building products distribution sector.

The offering’s successful pricing and structure offer insights into investor confidence in QXO’s vision and the company’s ability to navigate growth opportunities in a competitive landscape. As the offering moves toward closing and QXO implements its planned corporate initiatives, additional updates are likely to inform both shareholders and market observers about the next stage of the company’s journey.

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