Market Capitalization Surges by 2 Trillion Won in a Day… U.S. Building Materials 'Platform Big Deal Stocks' Stand Out

QXO Inc., a U.S. building-materials distributor and platform company (ticker: QXO), surged 9.46% on the New York Stock Exchange to close at $20.60 per share—about ₩28,000. More than 6.44 million shares traded hands, driving its market capitalization up to roughly $14.5 billion (≈₩19.7 trillion), an intraday gain of about $1.5 billion (≈₩2.1 trillion).

In January, QXO secured an additional $1.8 billion in funding from Apollo Global Management, Temasek and others, bringing its total M&A war chest to $3.0 billion, including a prior $1.2 billion round. In February, the company agreed to acquire Codiak Building Partners—the fourth-largest U.S. lumber and building-materials distributor—for approximately $2.2 billion, marking the acceleration of its large-scale acquisition strategy.

Founded in 2024 by Brad Jacobs, QXO became North America’s largest publicly traded distributor of roofing and waterproofing materials when it acquired Beacon Roofing Supply in 2025 for about $10.6 billion. The company is targeting $50 billion in annual revenue within the next decade and aims to reshape the building-materials distribution market through further large-scale acquisitions and operational efficiencies, while driving digital transformation across the industry.