Meta Plans $35 Billion Stock Offering; Nvidia, AMD Among Those Interested in Buying Up to $5 Billion

On October 26, Meta Platforms (META.O) plans to raise approximately $35 billion in total through two concurrent underwritten public offerings, including approximately $22.5 billion in Class A common stock and approximately $12.5 billion in Class A mandatory convertible preferred stock.

According to reports, Meta's common stock offering will be conducted through forward sale agreements, while the preferred stock offering involves depositary shares representing Class A mandatory convertible preferred stock. Relevant information shows that Meta plans to issue up to 250 million Class A depositary shares. Additionally, Nvidia, AMD, and Broadcom are all interested in purchasing up to $5 billion of Meta stock. (Jin Shi)

[TechFlow]