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Update: QXO Plans $750 Million Stock Offering, Posts Q4 Preliminary Revenue; Shares Fall
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Update: QXO Plans $750 Million Stock Offering, Posts Q4 Preliminary Revenue; Shares Fall
Mar 11, 2026 12:48 AM

05:38 PM EST, 01/15/2026 (MT Newswires) -- (Updates with preliminary revenue starting in the third paragraph.)

QXO (QXO) plans to offer $750 million in common shares with underwriters granted an option to purchase up to an additional $112.5 million in stock.

Proceeds will be used for general corporate purposes, the company said Thursday in a statement.

Separately, QXO reported preliminary Q4 revenue of about $2.19 billion.

Analysts surveyed by FactSet forecast $2.197 billion.

Full results are scheduled for Feb. 26.

QXO shares fell 4.1% in after-hours trading.

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