QXO Inc. has announced the launch of concurrent public offerings of its common stock and depositary shares, each representing a 1/20th interest in new Series B Mandatory Convertible Preferred Stock. The company aims to raise an aggregate of $1.0 billion through these offerings, with potential additional proceeds of $150 million if options to purchase additional shares are exercised in full. The proceeds are intended to repay indebtedness under QXO's senior secured term loan facility, enhancing its acquisition capabilities. Goldman Sachs & Co. LLC and Morgan Stanley are leading the offerings, with the depositary shares expected to be listed on the New York Stock Exchange under the symbol "QXO.PRB". The offerings are being made via a prospectus supplement filed with the SEC.