GXO Logistics has been listed on the New York Stock Exchange as the former global logistics arm of XPO Logistics.
The newly listed company has 20 million square metres of warehousing space in 869 locations and 27 countries. Its customers include Apple, Nike, Nestlé, Whirlpool, e-commerce companies and other industries.
XPO shareholders have received an equity interest in the common stock of GXO. These shares were distributed at 12:01 a.m. on August 2, 2021, in a tax-free distribution to XPO shareholders. GXO made a cash payment of $794 million to its parent company.
Goldman Sachs & Co. LLC and Wachtell served as financial advisors and Lipton Rosen & Katz as legal advisors during the split.
