Meta slightly increases its stock financing plan to $97.5 billion, with the maximum financing amount potentially reaching $103 billion.

October 27 - Meta Platforms (META.O) stated that the company plans to raise funds through a stock offering to support investments in the field of artificial intelligence, with the financing scale slightly increased from $95 billion to $97.5 billion.

When announcing the pricing arrangements for the stock offering on Tuesday, Meta said it would increase the size of its common stock offering from $22.5 billion to $25 billion. According to the plan first announced on Monday, Meta also intends to issue approximately $12.5 billion in 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 has granted underwriters of the common stock and depositary shares offerings an option to purchase an additional approximately $5.5 billion worth of shares; this means Meta's final total financing could reach up to approximately $103 billion.