Meta Slightly Increases Equity Fundraising Plan to $97.5 Billion

Meta Platforms is slightly increasing the size of its planned stock sales to fund AI investments to a total of $97.5 billion from $95 billion, the company said.

The company is increasing the common stock offering in its fundraising plan to $25 billion from $22.5 billion, Meta said in an announcement Tuesday about pricing the stock sales.

Under the plan, originally announced Monday, Meta also intends to sell about $12.5 billion in series A depositary shares and up to $60 billion through an at-the-market sales program.

Tuesday’s release said Meta is giving underwriters of the common stock and depositary share sales options to buy additional shares totalling about $5.5 billion, meaning the total amount Meta sells could reach about $103 billion.