Meta slightly increases its stock financing plan to US$97.5 billion, with the maximum financing amount potentially reaching US$103 billion
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Author:小编   

On October 27, Meta Platforms (META.O) announced that to support investments in the artificial intelligence sector, the company plans to raise funds through stock issuance, with the financing scale increased from US$95 billion to US$97.5 billion. In the pricing arrangement for the stock issuance announced on Tuesday, Meta stated that the scale of its common stock issuance has been increased from US$22.5 billion to US$25 billion. According to the plan announced on Monday, Meta also intends to issue approximately US$12.5 billion in Series A depositary shares and raise up to US$60 billion through an 'at-the-market' issuance program. The announcement on Tuesday also revealed that Meta has granted underwriters an option to purchase an additional approximately US$5.5 billion worth of shares, meaning that Meta's final total financing amount could reach up to approximately US$103 billion.