Meta (META) priced $25 billion of Class A common stock at $625 per share; demand reached approximately five times supply.
Meta’s Class A common-stock offering was priced at $625 per share, a 2.7% discount to the closing price on the Friday before the offering announcement. Reports citing people familiar with the transaction put demand at approximately five times the available shares; more than half the allocation went to long-only and existing investors, while the 15 largest allocations accounted for approximately 70%.