QXO increases convertible preferred equity placement to $3 billion

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Go back to QXO increases convertible preferred equity placement to $3 billion

QXO Upsizes Convertible Preferred Equity Placement to $3 Billion

January 12, 2026 6:00 AM EST

Apollo and Temasek Lead Expanded Capital Commitment to Fund Future Acquisitions

GREENWICH, Conn.--(BUSINESS WIRE)-- QXO, Inc. (NYSE: QXO) (the Company or QXO) today announced a $1.8 billion increase to its previously announced $1.2 billion financing led by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (Apollo), bringing the total investment in QXO to $3 billion. Apollo, Temasek, and certain other investors have agreed to make the investment through the previously disclosed series of convertible perpetual preferred stock (the Series C Preferred Stock). The investment further strengthens QXOs... More