Meta Slightly Raises Equity Financing Plan to $97.5 Billion, Maximum Financing May Reach $103 Billion

TechFlow reported that on October 27, Meta Platforms (META.O) said the company plans to raise funds through equity offerings to support investments in the artificial intelligence sector, with the financing size being modestly increased from $95 billion to $97.5 billion. Meta said on Tuesday, when announcing the pricing arrangements for its equity offering, that it had increased the size of its common stock offering from $22.5 billion to $25 billion. Under the plan first announced on Monday, Meta also intends to issue about $12.5 billion of Series A depositary shares and raise up to $60 billion through an at-the-market offering program. The announcement released on Tuesday also showed that Meta had granted the underwriters for the common stock and depositary share offerings an option to purchase additional shares totaling about $5.5 billion; this means Meta's final total financing could reach about $103 billion. (Jin10)

Source: TechFlow