Meta launches $35 billion public share offering to fund its expansion in the field
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(Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto) * The offerings involve approximately $35 billion in common stock and convertible preferred stock * Meta plans a separate share sale program of up to $60 billion after the listing of Class C shares * Nvidia, AMD and Broadcom express interest in buying up to $5 billion in Class A shares (Addition of stock information and analyst commentary in paragraphs 7 to 9 and 18) by Jaspreet Singh Meta Platforms META.O announced on Monday its intention to raise up to $95 billion in its largest fundraising ever, as the social media giant invests heavily in expanding its artificial intelligence infrastructure. The Facebook parent company launched public offerings of common and preferred stock valued at approximately $35 billion, and stated that it also plans to launch a separate at-the-market share sale program valued at up to $60 billion. The company will launch this larger-scale share sale program after its new non-voting Class C shares begin trading, which is expected to occur in the first quarter of 2027, but specified that it has not yet finalized the schedule or conditions for this sale. Meta's fundraising plan, one of the largest ever conducted by an AI company, has also sparked total interest of up to $5 billion from Nvidia NVDA.O, Advanced...
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