Meta's upsized $25 billion share sale reportedly draws about five times the available shares

CNBC reports Meta launched public offerings of about $35 billion in common and convertible preferred stock to finance its AI expansion. Bloomberg reports its upsized $25 billion common-stock sale drew demand for about five times the available shares, according to people familiar with the offering. Meta also plans a separate share sale program of up to $60 billion after its non-voting Class C shares begin trading, expected in the first quarter of 2027.