This is the largest PIPE offering in the industrials sector ever

Davis Polk is advising the placement agents in connection with a private placement of 340,932,212 shares of common stock of QXO, Inc. at a price of $9.14 per share and, in lieu of common stock, pre-funded warrants to purchase up to 42,000,000 shares of common stock at a price of $9.13999 per pre-funded warrant.

QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. QXO provides consulting and professional services, specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the $800 billion building products distribution industry.

The Davis Polk capital markets team includes partners Michael Kaplan and Yasin Keshvargar and associates David Li and Kerim K. Aksoy. All members of the Davis Polk team are based in the New York office.

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