Meta’s $25 billion stock offering receives five times oversubscription

According to informed sources, the expanded $25 billion stock offering by Meta Platforms (META.US) has received subscription demand about five times the number of shares available for subscription. The company is planning to raise $98 billion in funds for expenditure in the field of artificial intelligence. Sources stated that in this common stock offering, more than half of the shares were allocated to long-term holders and existing shareholders. Among them, the top 15 investors by subscription size collectively received about 70% of the shares issued. The offering was priced at $625 per share, representing a 2.7% discount compared to last Friday's closing price before the announcement. On Tuesday, Meta's share price in the New York market fell as much as 1.4% to $621.47 per share. This stock offering is only part of Meta's financing plan. The plan also includes issuing $12.5 billion of mandatory convertible preferred shares, as well as an expected at-the-market additional stock offering program. If the total fundraising reaches $98 billion, this will become one of the largest equity financing plans in history.