← Back to live feed1 story
Meta closed a $25B common stock sale that was five times oversubscribed, as part of a larger $97.5B fundraising target to build data centers and hardware for its AI strategy. The offering included a $60B at-the-market stock program and $12.5B in mandatory convertible preferred stock, with Nvidia, AMD, and Broadcom expressing nonbinding interest in buying up to $5B of common shares.
Sign in to suggest
Key sources
- SOURCE@thetranscript_“Meta unveils a $95B equity financing plan to fund AI infrastructure, comprising $35B in stock & convertible preferred offerings and a planned $60B at-the-market program.”x.com
- SOURCE@financialjuice“Meta’s $25 billion stock sale ended five times oversubscribed $META”x.com
- SOURCEmarketbrief.now