Meta has increased its common-stock offering from $22.5 billion to $25 billion and set a public offering price of $625 a share. The pricing announcement, dated 26 October in the United States and distributed on 27 October, updates the financing plan previously reported here.
The concurrent preferred-stock component comprises 250 million depositary shares at $50 each, representing $12.5 billion before any additional underwriter purchases. The underlying mandatory convertible preferred stock carries a 6.5% annual dividend rate. Together, the two base offerings now amount to $37.5 billion, rather than the approximately $35 billion originally announced.
That figure is not cash already received. The common-stock sale involves forward arrangements initially covering 40 million shares. Meta does not expect immediate proceeds from those shares; cash would arrive on settlement, expected by 19 November 2027, subject to the agreements. Closing of the offerings is expected on 29 October and remains conditional.
A further proposed programme of about $60 billion in Class C shares remains separate. It has not become a completed capital raise merely because the current offerings have been priced. Adding every planned component together without distinguishing timing would overstate the money presently available.
The financing supports Meta’s wider investment plans, including AI infrastructure. More equity can fund expansion while potentially diluting existing shareholders. Pricing makes the initial transaction more concrete; the next milestones are closing, any exercise of underwriter options and eventual settlement of the forward sales. The article has been updated in place, preserving its original address.
