Several companies announced stock offerings on April 16 and 17, 2025. Kingsoft Cloud (ticker: KC) revealed an offering of 18.5 million American depositary shares (ADS), representing 277.5 million ordinary shares, with Morgan Stanley Asia and Goldman Sachs Asia among the underwriters. The announcement led to an 11.2% decline in KC's pre-market share price. Ostin Technology Group (OST) priced a $5 million registered direct offering, resulting in a 37% drop in its pre-market shares. NioCorp Developments (NB) filed for a common share and pre-funded warrant offering through Maxim and later priced a $20 million public offering at $2.60 per share, causing a 12.4% pre-market decline. QXO also announced and priced a common stock offering at $13.25 per share, with its shares falling 9.3% in pre-market trading.