QXO Upsizes Convertible Preferred Equity Placement to $3 Billion

Core Viewpoint - QXO, Inc. has announced a significant increase in its financing, raising the total investment to $3 billion, which indicates strong investor confidence and support for the company's growth strategy [1] Financing Details - The company has increased its previously announced financing from $1.2 billion to $1.8 billion, led by funds managed by affiliates of Apollo Global Management [1] - The total investment now stands at $3 billion, with participation from Apollo, Temasek, and other investors [1] - The investment will be made through a series of convertible perpetual preferred stock, referred to as the Series C Preferred [1]