QXO Announces $1.2 Billion Convertible Preferred Equity Investment Led by Apollo to Fund Future Acquisitions
Businesswire·2026-01-05 11:00

GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the "Company†or "QXO†) today announced that funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) ("Apollo†) and certain other investors have agreed to invest $1.2 billion in QXO through a new series of convertible perpetual preferred stock. The investment further strengthens QXO's financial flexibility in pursuing acquisition opportunities. Under the investment agreement, the investors have committed to purchase the. ...