Meta plans to raise the total financing to $97.5 billion to support AI investment

Meta Platforms (META.US) announced that the company plans to raise funds through a stock offering to support investments in the field of artificial intelligence, with the fundraising amount being slightly raised from $95 billion to $97.5 billion. On Tuesday, Meta stated in the announcement of the stock offering pricing arrangement that the company has increased the issuance of common stock from $22.5 billion to $25 billion. According to the plan initially announced on Monday, Meta also intends to issue approximately $12.5 billion in Series A Depositary Shares and raise up to $60 billion through an at-the-market offering plan. The announcement released on Tuesday also revealed that Meta has granted underwriters of the common stock and depositary shares offering an option to purchase an additional $5.5 billion worth of shares; this means Meta's total fundraising could reach up to approximately $103 billion.