QXO Plans $750 Million Stock Offering

MT Newswires Live01-16

QXO (QXO) said late Thursday it plans to offer $750 million of its shares, with BofA Securities as its underwriter.

The company said it also plans to grant the underwriter an option to buy up to an additional $112.5 million of its shares. Proceeds will be used for general corporate purposes, it added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment