QXO rises on securing additional $1.8 billion to fund future acquisitions

Shares of building products distributor QXO QXO.N rise nearly 1% to about $25.2 premarket

QXO secures an additional $1.8 billion in financing led by Apollo Global Management APO.N

Deal brings total investment to $3 billion, after QXO had raised $1.2 billion last week

Average of 16 analysts rate the stock "buy" or higher, their median PT is $30, according to data compiled by LSEG

As of last close, shares up 63.6% over the past year