Meta's Oversubscribed $25 Billion Stock Sale Signals Massive Investor Appetite for AI Race

Meta Platforms drew orders for five times the available shares in its $25 billion common stock offering, a powerful vote of confidence as the company seeks to raise approximately $98 billion for aggressive artificial intelligence infrastructure spending. The offering, priced at $625 per share—a 2.7% discount to the prior close—represents one component of what would be one of the largest equity financing plans in history if fully completed through concurrent offerings of mandatory convertible preferred stock and an at-the-market program.