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QXO Inc ( (QXO) ) has provided an announcement.
On May 21, 2025, QXO Inc. entered into an underwriting agreement with Goldman Sachs and Morgan Stanley to sell 48,484,849 shares of its common stock at $16.50 per share, with an option for underwriters to purchase additional shares, resulting in net proceeds of approximately $892.8 million. The company also announced the pricing of its concurrent offerings of common stock and $500 million of depositary shares, expected to close on May 23 and May 27, 2025, respectively. The proceeds will be used to repay debt, enhancing QXO’s position for future acquisitions.
Spark’s Take on QXO Stock
According to Spark, TipRanks’ AI Analyst, QXO is a Outperform.
QXO Inc demonstrates strong financial stability and positive technical momentum. However, its valuation is hindered by negative earnings, and operational challenges pose risks. The company’s strategic initiatives indicate potential for future growth, but current market uncertainties remain a concern.
To see Spark’s full report on QXO stock, click here.
More about QXO Inc
QXO Inc. is the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States. The company aims to lead the $800 billion building products distribution industry through technology and plans to achieve $50 billion in annual revenues within the next decade via acquisitions and organic growth.
Average Trading Volume: 4,852,237
Technical Sentiment Signal: Sell
Current Market Cap: $8.79B
See more data about QXO stock on TipRanks’ Stock Analysis page.