Meta launches about $35 billion in stock offerings

Meta said on Oct. 26, 2026 that it launched underwritten offerings of about $35 billion: 250 million Series A depositary shares, each a one-twentieth interest in mandatory convertible preferred stock and sized at about $12.5 billion, plus $22.5 billion of Class A shares sold through forward agreements with Morgan Stanley Capital Services and Goldman Sachs. Meta said it expects no cash from the common-stock sale until the forwards settle on or before Nov. 19, 2027, and the preferred dividend and conversion terms are still unset. A further $60 billion Class C at-the-market program has no agreement yet, and Nvidia, AMD and Broadcom have a non-binding interest in up to $5 billion of the Class A shares combined.