Business
QXO Upsizes Convertible Preferred Equity Placement to $3 Billion
GREENWICH, Conn., January 12, 2026--QXO, Inc. (NYSE: QXO) (the "Company" or "QXO") today announced a $1.8 billion increase to its previously announced $1.2 billion financing led by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) ("Apollo"), bringing the total investment in QXO to $3 billion. Apollo, Temasek, and certain other investors have agreed to make the investment through the previously disclosed series of convertible perpetual preferred stock (the "Series C Prefe
About this update from Qxo, Inc.
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