The shares are listed on the NYSE

Davis Polk advised the underwriters in connection with the $500 million SEC-registered offering of 37,735,850 shares of common stock. The proceeds from the offering will be used to pay a portion of the consideration for QXO, Inc.’s acquisition of Beacon Roofing Supply, Inc. and to pay fees and expenses related to the transactions. If the acquisition is not consummated, the proceeds from this offering will be used for general corporate purposes. The common stock is listed on the NYSE under the symbol “QXO.”

QXO plans to become the leader in the $800 billion building products distribution industry. The company is targeting annual revenue of $50 billion in the coming decade through accretive acquisitions and organic growth. QXO recently signed a definitive agreement to acquire Beacon Roofing Supply, Inc. for approximately $11 billion, making QXO the second-largest distributor of roofing products in the United States upon closing, expected the week of April 28, 2025. In addition, QXO provides technology solutions to clients in the manufacturing, distribution and service sectors.

The Davis Polk capital markets team included partner Michael Kaplan and associates David (Wei Fu) Li and Ryan Mainous. Partner Lucy W. Farr and associates Caleb E. Smith and Fred Fu provided tax advice. All members of the Davis Polk team are based in the New York office.

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