The shares are listed on the NYSE

Davis Polk advised the underwriters in connection with QXO, Inc.’s $2 billion SEC-registered offering of 89,887,640 shares of common stock. The proceeds from the offering will be used for general corporate purposes, which may include, among other things, funding future acquisitions of businesses.

QXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in the United States. QXO plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. The company’s common stock is listed on the NYSE under the symbol “QXO.”

The Davis Polk capital markets team included partner Michael Kaplan and associates Benjamin Guillon and Matthew A. Bultman. Counsel Liang Zhang and associates Kelsey Nelson and Fred Fu provided tax advice. All members of the Davis Polk team are based in the New York office.

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