Meta Stock: $635 After a $35 Billion Stock Offering With…
By Tobi Opeyemi Amure
AI summary of the source article
Meta Platforms launched an offering of roughly $35 billion in common and mandatory convertible preferred stock, alongside a planned $60 billion Class C at-the-market programme. Nvidia, AMD, and Broadcom indicated interest to buy up to $5 billion.
Why it matters
The financing "removes one uncertainty: investors no longer have to guess how Meta will fund a capex budget that turned free cash flow negative in Q3. It replaces it with a known amount of new stock."
Key facts
- Meta launched about $35 billion of new stock and mandatory convertible preferred shares.
- Nvidia, AMD, and Broadcom have non-binding indications to buy up to $5.0 billion of the common stock.
- Meta plans a separate at-the-market programme of up to $60 billion in non-voting Class C shares from 2027.
Source excerpt · FinanceFeeds
Updated 26 October 2026. Meta Platforms (NASDAQ: META) traded at $635.06 in premarket trading at 9:16 am ET on Monday, down 1.18 percent (StockAnalysis), after launching about $35 billion of new stock and mandatory convertible preferred shares before the open. Nvidia, AMD and Broadcom have said they may buy up to $5 billion of the common stock. Meta also plans a separate $60 billion at-the-market…