Meta Platforms announced today a simultaneous public offering of approximately $35 billion through two separate issuances: $22.5 billion of Class A common stock via forward sale agreements and $12.5 billion of Series A mandatory convertible preferred stock depositary shares. Morgan Stanley and Goldman Sachs serve as joint underwriters for the offering. The net proceeds will support general corporate purposes, including artificial intelligence infrastructure development, Meta stated.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.