QXO rises on securing additional $1.8 billion to fund future acquisitions
ReutersJan 12, 2026 2:40 PM
Shares of building products distributor QXO QXO.N rise nearly 1.5% to about $25.4 in morning trading
QXO secures additional $1.8 billion in financing led by Apollo Global Management APO.N
Deal brings total investment to $3 billion, after QXO raised $1.2 billion last week
Average of 16 analysts rate stock "buy" or higher, their median PT is $30 - data compiled by LSEG
As of last close, shares up 63.6% over past year
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