QXO Raises $2 Billion in Public Offering of Common Stock

Paul, Weiss advised QXO, Inc., a public company launched by CEO Brad Jacobs in the building products distribution industry, in a registered public offering of $2 billion of common stock. QXO intends to use the net proceeds from the offering for general corporate purposes, which may include funding future acquisitions of businesses. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as lead joint bookrunning managers.

The Paul, Weiss team was led by corporate partner David Huntington and counsel David Sobel, and included partner Kerri Durso; and tax partner Scott Sontag and counsel Alyssa Wolpin.