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

QXO

12/01/2026 12:23

** 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

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))