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According to the announcement, Meta Platforms' common share offering was raised to $25 billion from the previously announced $225 billion. $25 billion of Class A common stock with an issue price of $625 per share. 250 million Series A depository shares were issued at an issue price of $50; the depository issuance raised approximately $12.5 billion in net capital. Meta plans to use the net proceeds from the issuance of depository shares for general corporate purposes. The common stock offering is expected to be completed on October 29th.
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According to the announcement, Meta Platforms' common share offering was raised to $25 billion from the previously announced $225 billion. $25 billion of Class A common stock with an issue price of $625 per share. 250 million Series A depository shares were issued at an issue price of $50; the depository issuance raised approximately $12.5 billion in net capital. Meta plans to use the net proceeds from the issuance of depository shares for general corporate purposes. The common stock offering is expected to be completed on October 29th.
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