New building materials distribution and technology platform QXO announced it will move its common stock listing from the Nasdaq Stock Market to the New York Stock Exchange (NYSE) on Jan. 17.
The event will be marked by Chairman and CEO Brad Jacobs ringing the NYSE opening bell that day.
QXO’s stock will be traded with Nasdaq until the transfer is finalized.
“The public companies I founded prior to QXO and listed on the NYSE have all delivered outsized shareholder value,” Jacobs said in a Jan. 6 news release. “We intend to replicate that success by creating a tech-forward leader in the $800 billion building products distribution industry.”
Greenwich, CT-based QXO has an outstanding offer made to acquire Beacon (No.5 on MDM’s Building Materials Top Distributors List) as of mid-November. The company was formed in late 2023, officially launched and finalized its leadership team in mid-2024 and has raised more than $5 billion in private placement.
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