RXO (RXO) has upsized its previously announced public offering of common stock to $500M in total gross proceeds, pricing 19.23M shares of its common stock at a price of $26.00 per share.
RXO intends to use the net proceeds from the offering to finance a portion of the pending acquisition of Coyote Logistics, UPS’s technology-driven, asset-light freight brokerage business. The ...