Meta's common stock offering size increased from $22.5 billion to $25 billion.
The announcement shows that Meta Platforms increased the size of its common stock offering from the previously announced $22.5 billion to $25 billion. $25 billion of Class A common stock at an offering price of $625 per share. 250 million Series A depositary shares at an offering price of $50 per share; net proceeds from the depositary shares offering are approximately $12.5 billion. Meta plans to use the net proceeds from the depositary shares offering for general corporate purposes. The common stock offering is expected to close on October 29.
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