Meta Upsizes Stock Offering to $25 Billion, Prices 250 Million Depositary Shares

04:15 AM EDT, 10/27/2026 (MT Newswires) -- Meta Platforms (META) said Tuesday it priced 40 million Class A common shares at $625 each, raising the stock offering to $25 billion from $22.5 billion, with both offerings set to close Thursday. It also priced 250 million depositary shares at $50 each, with each depositary share totalling a 1/20th interest in a new convertible preferred share, the company said. Underwriters can buy an additional 37.5 million depositary shares and up to $3.75 billion more Class A shares within 30 days, Meta said. The preferred stock pays a 6.5% dividend on a $1,000 liquidation preference starting Feb. 15, 2027, and converts automatically on or about Aug. 15, 2029, into between 1.362 and 1.6 Class A shares per preferred share, it said. Depositary shares will list on Nasdaq under the symbol METAM, and each converts into 0.0681 to 0.08 Class A shares at the same conversion date, Meta added.