QXO Falls Premarket on Jan. 16, 2026 After Pricing 31.6M-Share Offer at $23.80

QXO, Inc. slid in premarket trading on January 16, 2026 after it priced a public offering of 31,645,570 shares at $23.80, about a 6.7% discount to the prior $25.52 close. The stock traded at $23.44, down $1.58 or 6.31% as of 8:18 AM EST. The deal is expected to close on January 20, 2026, with BofA Securities as sole underwriter and an option for up to 4,746,835 additional shares.