QXO Upsizes Convertible Preferred Equity Placement to $3 Billion.
ByAinvest
Monday, Jan 12, 2026 6:15 am ET1min read
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QXO, Inc. has upsized its convertible preferred equity placement to $3 billion, led by Apollo Global Management and Temasek. The increased investment will fund future acquisitions and strengthen QXO's financial flexibility. The total investment in QXO now stands at $3 billion, with Apollo, Temasek, and other investors committing to purchase the Series C Preferred Stock.
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