Meta (META) launches up to USD 95bln in stock offerings; launches USD 35bln in concurrent equity offerings and plans a future USD 60bln at-the-market offering
The item describes approximately USD 35 billion in concurrent offerings, a separate approximately USD 60 billion future ATM offering with unresolved timing and terms, and non-binding collective interest up to USD 5 billion.
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Launches an offering of depositary shares representing Series A mandatory convertible preferred stock and offering of Class A common stock in connection with forward sale agreements. The financing plan comprises of concurrent underwritten public offerings of approximately USD 35bln, including USD 22.5bln in Class A common stock and USD 12.5bln in preferred stock depositary shares, alongside a future at-the-market offering of approximately USD 60bln in Class C common stock, with timing and terms yet to be determined. NVIDIA (NVDA), AMD (AMD) and Broadcom (AVGO) have expressed non-binding interest in purchasing up to USD 5bln of shares collectively.
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