Meta Platforms (META) priced two concurrent public offerings: 250,000,000 depositary shares, each representing a 1/20th interest in a 6.50% Series A Mandatory Convertible Preferred Stock, at $50 per depositary share; and $25.0 billion of Class A common stock at $625.00 per share, upsized from $22.5 billion. The underwriters of the depositary shares have a 30-day option to buy up to 37,500,000 more. Net proceeds from the depositary shares are expected to be about $12.5 billion (about $14.3 billion if the option is fully exercised), for general corporate purposes. The preferred stock accumulates dividends at 6.50% a year on a $1,000 liquidation preference per share and is expected to convert around August 15, 2029 into between 1.3620 and 1.6000 Class A shares, based on the volume-weighted average price over a 20-trading-day final averaging period.
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META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/26/2026 | 630.47 |
| Change that session | -1.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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