QXO Raises $750 Million 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 $750 million 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. BofA Securities, Inc. acted as sole bookrunning manager.

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