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

QXO

12/01/2026 14:40

Updates

** 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

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))