Lates News

Meta Platforms (META.O) plans to raise approximately $35 billion through two concurrent underwritten public offerings, including approximately $22.5 billion in Class A common stock and approximately $12.5 billion in Series 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 Series A mandatory convertible preferred stock. Information shows that Meta intends to issue up to 250 million Series A depositary shares. In addition, Nvidia, AMD, and Broadcom each intend to purchase up to $5 billion of Meta stock.