Meta launches approximately $35 billion equity offerings for AI infrastructure
Meta launched concurrent underwritten public offerings totaling approximately $35 billion: approximately $22.5 billion of Class A common stock offered in connection with forward-sale agreements and approximately $12.5 billion of depositary shares representing Series A mandatory convertible preferred stock. Meta described the offerings as part of a financing plan supporting continued investment in AI infrastructure, while stating that net proceeds would be used for general corporate purposes.
Reuters and Meta’s offering materials explicitly report that Meta launched concurrent underwritten public offerings totaling approximately $35 billion: approximately $22.5 billion of Class A common stock offered in connection with forward-sale agreements and approximately $12.5 billion of depositary shares representing Series A mandatory convertible preferred stock. This is a material new equity-financing action with forward implications for Meta’s funding capacity, dilution, and ability to pursue its AI-infrastructure buildout. The description avoids stating that all proceeds are earmarked exclusively for AI because Meta says the net proceeds are for general corporate purposes, while identifying the offering as part of a financing plan supporting continued AI-infrastructure investment. The exact announcement time is not stated; the timestamp is estimated from the official release record on October 26, 2026. META and the most directly exposed AI compute and infrastructure suppliers are approved, while more remote, conditional, or competitive exposures are excluded.
Meta NASDAQ:META on Monday launched public offerings of about $35 billion in common stock and convertible preferred stock, as the Facebook parent seeks to finance its costly AI expansion.
MENLO PARK, Calif., Oct. 26, 2026 /PRNewswire/ -- Meta Platforms, Inc. (Nasdaq: META) ("Meta" or the "Company") announced today the pricing of its previously announced concurrent separate underwritten public offerings of (i) 250,000,000 series A depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued 6.50% Series A Mandatory Convertible Preferred Stock, par value $0.000006 per share ("Preferred Stock"), at a public offering price of $50 per Depositary Share (the "Depositary Shares Offering") and (ii) $25.0 billion of shares of Class A common stock, par value $0.000006 per share ("Class A Common Stock") offered in connection with the forward sale agreements described below, at a public offering price of $625.00 per share (the "Common Stock Offering" and, together with the Depos
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