Convertible perpetual preferred shares
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QXO Inc. (QXO) Rockets 18% as New Investor Places $1.2-Billion Bet
Yahoo Finance· 2026-01-06 06:01
We recently published 10 Stocks With Easy Double-Digit Gains. QXO, Inc. (NYSE:QXO) was one of the top performers on Monday. QXO soared by 18.15 percent on Monday to close at $23.30 apiece after raising $1.2 billion in fresh funds from Apollo Global Management, Inc., in support of the former's plans to acquire one or two more companies over the next six months. In a statement, QXO, Inc. (NYSE:QXO) said that Apollo Global acquired $1.2 billion worth of convertible perpetual preferred shares in the company, ...