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QXO Plans $2 Billion Stock Offering; Shares Slump After Hours
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QXO Plans $2 Billion Stock Offering; Shares Slump After Hours
Jun 24, 2025 3:10 PM

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.

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