QXO Inc Announces Major Common Stock Offering
I'm PortAI, I can summarize articles.
QXO Inc. has announced a major common stock offering, entering into an underwriting agreement with BofA Securities to sell 31,645,570 shares at $23.80 each, with an option for an additional 4,746,835 shares. The offering is expected to close on January 20, 2026, aiming to raise approximately $750 million for general corporate purposes, including acquisitions. Analysts rate QXO stock as a Hold with a $27.00 price target, citing solid financial positioning but concerns over profitability and cash flow. QXO is a leading distributor in the North American building products market, focusing on growth through acquisitions and expansion.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments