Meta's upsized $25 billion common stock sale drew demand for about five times the available shares, as the company seeks to raise $98 billion for AI spending. More than half the shares went to long-only and existing investors, while the 15 largest stakes accounted for about 70%. The offering priced at $625 per share, a 2.7% discount to Friday's close, and shares fell as much as 1.4% to $621.47 on Tuesday. The plan also includes a $12.5 billion mandatory convertible preferred offering, which was also multiple times oversubscribed, plus an expected at-the-market program. Meta says the funds will go to AI infrastructure and personal superintelligence, as it unveils the Muse personal AI agent and the Muse Wonder model.
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META
• NeutralMeta 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% |
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