QXO Inc. (NYSE: QXO), Greenwich, Conn., said it plans to make an offering of $500 million of shares of its common stock.
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QXO’s common stock is listed on the New York Stock Exchange under the symbol “QXO.”
QXO intends to use the proceeds to finance a portion of the pending acquisition of Beacon Roofing Supply Inc.; the offering is not contingent on the acquisition.
In March, QXO agreed to acquire Beacon (Nasdaq: BECN), a distributor of roofing, waterproofing and exterior products, for $11 billion. Get the details here.
