QXO, Inc. (Nasdaq: QXO), a building materials and technology solutions firm, announced the planned transfer of its common stock listing from the Nasdaq Stock Market (Nasdaq) to the New York Stock Exchange (NYSE).
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QXO aims to become a leading platform for building materials distribution; it offered to buy building products distributor Beacon – which has $9.3 billion in annual revenue – in 2024.
The stock listing move is expected to occur on Jan. 17, 2025.
The company will continue to trade on the Nasdaq until transfer is complete, and will retain its stock ticker, QXO.
“We’re excited to list QXO’s shares on the Big Board,” said Brad Jacobs, chairman and CEO. “The public companies I founded prior to QXO and listed on the NYSE have all delivered outsized shareholder value. We intend to replicate that success by creating a tech-forward leader in the $800 billion building products distribution industry.”
