05:58 PM EDT, 06/24/2025 (MT Newswires) -- QXO (QXO) said late Tuesday it plans to offer $2 billion of common stock and may grant underwriters an option to purchase up to an additional $300 million in shares.
The company said net proceeds will be used for general corporate purposes, which may include funding future acquisitions.
Shares of QXO dropped over 5% in recent after-hours activity.