QXO (QXO) announced it intends to make an offering of $2 billion of shares of its common stock. QXO intends to grant the underwriters of the Offering an option to purchase up to an additional $300 million of shares of common stock at the public offering price less underwriting discounts and commissions. QXO intends to use the net proceeds from the Offering for general corporate purposes, which may include, among other things, funding future acquisitions of businesses. Goldman Sachs & Co. LLC, Morgan Stanley and Wells Fargo Securities are acting as underwriters for the Offering.
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