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QXO (Nasdaq: QXO) has announced its decision to transfer its common stock listing from the Nasdaq Stock Market to the New York Stock Exchange (NYSE), while maintaining its ticker symbol QXO. The transition is scheduled for January 17, 2025, marked by Chairman and CEO Brad Jacobs ringing the Opening Bell.
The company aims to establish itself as a technology-driven leader in the $800 billion building products distribution industry. Jacobs expressed confidence in replicating the success of his previous NYSE-listed companies, which have historically delivered significant shareholder value.
QXO (Nasdaq: QXO) ha annunciato la sua decisione di trasferire la quotazione delle sue azioni ordinarie dal Mercato Azionario Nasdaq alla New York Stock Exchange (NYSE), mantenendo il suo simbolo di ticker QXO. La transizione è prevista per il 17 gennaio 2025, con il Presidente e CEO Brad Jacobs che suonerà la Campanella di Apertura.
L’azienda mira a posizionarsi come un leader guidato dalla tecnologia nel settore della distribuzione di prodotti per l’edilizia da 800 miliardi di dollari. Jacobs ha espresso fiducia nel replicare il successo delle sue precedenti aziende quotate in NYSE, che hanno storicamente generato un valore significativo per gli azionisti.
QXO (Nasdaq: QXO) ha anunciado su decisión de trasladar su cotización de acciones ordinarias del Mercado de Valores Nasdaq a la Bolsa de Nueva York (NYSE), manteniendo su símbolo de cotización QXO. La transición está programada para el 17 de enero de 2025, marcada por el Presidente y CEO Brad Jacobs tocando la Campana de Apertura.
La empresa pretende consolidarse como un líder impulsado por la tecnología en la industria de distribución de productos de construcción de 800 mil millones de dólares. Jacobs expresó su confianza en replicar el éxito de sus anteriores empresas listadas en la NYSE, que históricamente han ofrecido un valor significativo a los accionistas.
QXO (Nasdaq: QXO)는 Nasdaq 주식 시장에서 뉴욕 증권 거래소 (NYSE)로 보통주 상장 이전을 결정했다고 발표했습니다. 티커 기호 QXO는 유지됩니다. 전환은 2025년 1월 17일로 예정되어 있으며, 회장 겸 CEO인 Brad Jacobs가 개장 벨을 울릴 예정입니다.
회사는 8000억 달러의 건축 제품 유통 산업에서 기술 주도의 리더로 자리매김하려고 합니다. Jacobs는 NYSE에 상장된 이전 회사들의 성공을 반복할 수 있다는 자신감을 나타냈으며, 이들 회사는 역사적으로 주주들에게 상당한 가치를 제공해왔습니다.
QXO (Nasdaq : QXO) a annoncé sa décision de transférer sa cotation d’actions ordinaires du Marché boursier Nasdaq à la New York Stock Exchange (NYSE), tout en conservant son symbole boursier QXO. La transition est prévue pour le 17 janvier 2025, marquée par le Président et Directeur Général Brad Jacobs qui sonnera la Cloche d’ouverture.
L’entreprise vise à se positionner comme un leader technologique dans l’industrie de distribution de produits de construction de 800 milliards de dollars. Jacobs a exprimé sa confiance quant à la possibilité de reproduire le succès de ses précédentes entreprises cotées à la NYSE, qui ont historiquement offert une valeur significative aux actionnaires.
QXO (Nasdaq: QXO) hat beschlossen, seine Notierung für Stammaktien vom Nasdaq Aktienmarkt an die New York Stock Exchange (NYSE) zu verlegen und dabei sein Tickersymbol QXO beizubehalten. Der Übergang ist für den 17. Januar 2025 geplant und wird von Vorsitzendem und CEO Brad Jacobs, der die Eröffnungs-Glocke läutet, begleitet.
Das Unternehmen strebt an, sich als technologiegetriebenen Marktführer in der 800 Milliarden Dollar schweren Bauteile-Distributionsbranche zu etablieren. Jacobs äußerte Vertrauen, den Erfolg seiner früheren an der NYSE notierten Unternehmen zu wiederholen, die historisch gesehen erheblichen Shareholder-Wert generiert haben.
Positive
- Moving to NYSE, traditionally associated with established blue-chip companies, could enhance corporate visibility and prestige
- Company targets leadership position in an $800 billion market, indicating significant growth potential
Insights
The exchange transfer from Nasdaq to NYSE represents a strategic repositioning that could enhance QXO’s visibility and trading liquidity. The NYSE, with its specialist-based trading system, typically offers lower volatility and tighter spreads compared to Nasdaq’s dealer-based system, particularly beneficial for a mid-cap company valued at
The move aligns with Brad Jacobs’ track record of success on the NYSE, where his previous ventures have demonstrated strong performance. The reference to the
For investors, this listing change maintains trading continuity with the same ticker symbol while potentially providing access to a different pool of institutional investors who prefer NYSE-listed stocks. The specialist system at NYSE could provide more stable price discovery, especially during market stress periods.
The exchange migration carries subtle but important technical implications for market microstructure. NYSE’s designated market maker (DMM) system typically results in reduced intraday volatility compared to Nasdaq’s multiple market maker structure. For a
The timing of the transfer during mid-January suggests careful planning to minimize disruption during a typically lower-volume period. This structural change may attract more conservative, long-term focused investors who traditionally favor NYSE-listed companies. The decision also positions QXO alongside major players in the building materials sector, most of whom trade on NYSE, potentially benefiting from sector-specific analyst coverage and peer comparison analyses.
GREENWICH, Conn., Jan. 06, 2025 (GLOBE NEWSWIRE) — QXO, Inc. (Nasdaq: QXO) today announced that it will transfer the listing of its common stock to the New York Stock Exchange (“NYSE”) from the Nasdaq Stock Market (“Nasdaq”). The company will retain its stock ticker, QXO.
QXO expects to begin trading on the NYSE on January 17, 2025, when Chairman and Chief Executive Officer Brad Jacobs will ring the Opening Bell. The company’s stock will continue to trade on Nasdaq until the transfer is complete.
“We’re excited to list QXO’s shares on the Big Board,” Jacobs said. “The public companies I founded prior to QXO and listed on the NYSE have all delivered outsized shareholder value. We intend to replicate that success by creating a tech-forward leader in the
About QXO
QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the
Forward-Looking Statements
This press release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets and goals, including with respect to the timing of trading on the NYSE, are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. Forward-looking statements can be identified by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and there are a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements, including, among others, risk factors that are described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the SEC, including the section entitled “Risk Factors” contained therein. The Company cautions that forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. The Company undertakes no obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.
Media Contact:
Joe Checkler
[email protected]
203-609-9650
Investor Contact:
Mark Manduca
[email protected]
203-321-3889
FAQ
When will QXO start trading on the NYSE?
QXO will begin trading on the NYSE on January 17, 2025.
Will QXO change its stock ticker symbol after moving to NYSE?
No, QXO will retain its current stock ticker symbol (QXO) after transferring to the NYSE.
What is the size of the market QXO is targeting?
QXO is targeting the building products distribution industry, which is valued at $800 billion.
How will QXO’s NYSE listing benefit shareholders?
The NYSE listing could provide enhanced visibility and prestige for QXO, potentially benefiting shareholders through increased institutional interest and trading volume.