Meta (META.US) $25 Billion Stock Offering Roughly 5x Oversubscribed; Plans to Raise a Total of $98 Billion to Step Up AI Investment

Zhitong Finance APP has learned that Meta Platforms' (META.US) upsized $25 billion common stock offering received enthusiastic subscription from investors, with demand reaching approximately five times the number of shares available for issuance. This stock offering is part of Meta's overall $98 billion equity financing plan, and the company plans to use the proceeds for artificial intelligence (AI) infrastructure construction and personal superintelligence technology research and development.