QXO stock drops on $750 million share sale pricing and early Q4 snapshot
QXO shares fell about 5% Friday after announcing a $750 million common-stock offering priced at $23.80 per share. The company reported preliminary fourth-quarter net sales of $2.19 billion and adjusted EBITDA near $150 million. The offering is expected to close Jan. 20. Investors are watching for acquisition news and the annual report due Feb. 26.
