🇺🇸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%.

The common-stock transaction forms part of a reported $98 billion equity-financing plan for AI-related spending, including infrastructure and personal-superintelligence research. That broader amount includes mandatory convertible preferred stock and an expected at-the-market stock issuance program; it is not reported as completed fundraising.

Separate pricing updates announced 250 million Series A depositary shares at $50 each, linked to mandatory convertible preferred stock, and referenced Class A common stock in forward sale agreements. Although one later account still described the $12.5 billion preferred offering as planned, the earlier updates explicitly reported pricing; the supplied material does not provide conversion ratios, settlement conditions, collateral terms, or quantified dilution.

NVIDIA was separately reported to be planning a $3 billion investment in Meta’s equity offering. None of the supplied sources establishes that all proceeds had been received, and no underlying securities filing is included to independently examine the transaction terms.