QXO Inc. has announced the pricing of its concurrent public offerings of common stock and depositary shares. The company plans to issue 48,484,849 shares of common stock at $16.50 per share, alongside $500 million in depositary shares, each representing a 1/20th interest in a newly issued 5.50% Series B Mandatory Convertible Preferred Stock, priced at $50.00 per share. The offerings are managed by a consortium of financial institutions, including Goldman Sachs and Morgan Stanley as lead joint bookrunning managers. Gross proceeds are expected to reach $800 million from the common stock and $500 million from the depositary shares. QXO intends to use the net proceeds to repay debt, enhancing its capacity for future acquisitions.