Meta's expanded $25bn common-stock offering drew roughly five times demand for available shares. The company is targeting up to $98bn to fund AI spending. More than half of the allotment went to long-term investors and existing shareholders; the top 15 subscribers received about 70% of the offering. The deal priced at $625 per share, a 2.7% discount to the close the Friday before the announcement. Meta shares fell as much as 1.4% to $621.47 in New York on Tuesday. The equity sale is part of a br

Meta's expanded $25bn common-stock offering drew roughly five times demand for available shares. The company is targeting up to $98bn to fund AI spending. More than half of the allotment went to long-term investors and existing shareholders; the top 15 subscribers received about 70% of the offering. The deal priced at $625 per share, a 2.7% discount to the close the Friday before the announcement. Meta shares fell as much as 1.4% to $621.47 in New York on Tuesday. The equity sale is part of a broader financing package that includes $12.5bn of mandatory convertible preferred and expected at‑market share placements; if the full $98bn is raised it would be among the largest equity financings on record.