Meta slightly raises equity financing plan to $97.5 billion, with maximum financing potentially reaching $103 billion

On October 27 that Meta Platforms (META.O) stated the company plans to raise funds through equity offerings to support investments in artificial intelligence, slightly increasing the financing target from $95 billion to $97.5 billion. On Tuesday, while announcing the pricing arrangements for the equity offering, Meta said it increased the common stock issuance size 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” program. The announcement released on Tuesday further revealed that Meta has granted underwriters for the common and depositary share offerings an option to purchase up to an additional $5.5 billion worth of stock; this means Meta’s total final financing could reach approximately $103 billion. (Jinshi)