Meta Platforms is launching two concurrent underwritten offerings: 250,000,000 depositary shares, each representing a 1/20th interest in new Series A Mandatory Convertible Preferred Stock, and $22.5 billion of Class A common stock tied to forward sale agreements. Underwriters have a 30-day option to buy up to 37,500,000 more depositary shares and an additional $3.375 billion of Class A stock. These offerings are part of a roughly $35 billion financing plan that also includes a planned at-the-market (ATM) program of about $60 billion after Class C common stock begins trading, though no agreement has yet been signed. Meta expects 2026 capital expenditures of $135 to $145 billion, funded by operating cash flow ($97 billion in the first three quarters), investment-grade debt, strategic partnerships and equity. As of September 2026, 3.64 billion people used at least one Meta app daily.
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.62 |
| Change that session | -0.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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