Meta’s $25 Billion Stock Sale Draws Five Times Available Shares in Demand
Photo: TokenPost
Meta’s $25 billion common-stock sale drew demand for about five times the shares available, a financing milestone as the company raises money for planned artificial intelligence spending. Meta priced the sale at $625 per share, a 2.7% discount to the stock’s closing price the previous Friday. More than half of the shares were allocated to long-term investors and existing shareholders. The 15 largest allocations together accounted for about 70% of the offering. Meta shares fell as much as 1.4% in New York trading Tuesday, reaching $621.47.
Source: TokenPost
