Billionaire Jacobs Nears $3.5 Billion QXO Equity Offering [BNN Bloomberg (Canada)]
QXO, Inc. (QXO)
Company Research
Source: BNN Bloomberg
The firm will agree to a private placement as soon as this week, said the people, who asked not to be identified because they weren't authorized to speak publicly. The deal, if completed, would be both the largest equity offering ever in the building products sector and private investment in public equity for industrials, according to data compiled by Bloomberg. A representative for QXO declined to comment. QXO, which was known as SilverSun Technologies until Jacobs Private Equity II led a $1 billion investment in the company in December 2023, which granted them preferred shares that would convert to 219 million common shares at $4.57 apiece. Jacobs ultimately aims to create a business with more than $40 billion in annual sales, he has previously said. The company is targeting businesses with sales ranging from $500 million to $1 billion and has been adding staff, including former Barclays Plc global head of mergers and acquisitions, Ihsan Essaid, last month. Investors in t
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QXO
News
- QXO: An Inexpensive Way To Bet A Proven Jockey [Seeking Alpha]Seeking Alpha
- European Shares Edge Lower as Focus Turns to Fed, BOE Decisions [BNN Bloomberg (Canada)]BNN Bloomberg
- Rexel's Largest Holder Cevian Backs Firm in Spurning QXO Bid [Financial Post (Toronto, Ontario, Canada)]Financial Post
- QXO Reports Second Quarter 2024 ResultsGlobeNewswire
- Oppenheimer analysts see fertile ground for Jacobs' plans at new venture QXO [Yahoo! Finance]Yahoo! Finance
QXO
Sec Filings
- 8/28/24 - Form 4
- 8/14/24 - Form 10-Q
- 8/14/24 - Form 8-K
- QXO's page on the SEC website