Meta Prices $25B Stock Offering, $12.5B Mandatory Convertible Deal
MENLO PARK – October 27, 2026 -- Meta Platforms raised the size of its Class A common stock offering to $25.0 billion from $22.5 billion and priced a parallel offering of 6.50% mandatory convertible preferred stock expected to net about $12.5 billion.
Meta sells 250 million depositary shares at $50 each
The depositary shares each represent a 1/20th interest in a share of newly issued 6.50% Series A Mandatory Convertible Preferred Stock. Underwriters hold a 30-day option on up to 37,500,000 additional depositary shares, which would lift net proceeds to about $14.3 billion. Meta plans to use the money for general corporate purposes.
The preferred stock carries a $1,000 liquidation preference per share. Dividends accumulate at 6.50% annually and are payable on February 15, May 15, August 15 and November 15, starting February 15, 2027. Meta can pay them in cash, in Class A common stock or in a combination of the two.