Meta prices depositary shares linked to Series A preferred stock in massive equity raise

The social media giant is tapping equity markets for approximately $35 billion to help fund its AI infrastructure buildout Meta Platforms has priced depositary shares tied to its Series A preferred stock. It is also selling Class A common stock through forward sale agreements, in one of the larger equity financing efforts by a Big Tech company. The concurrent offerings launched on October 26, 2026. Together, they aim to raise approximately $35 billion in the near term. The money is earmarked largely for one thing: feeding Meta’s appetite for AI infrastructure. The first piece is the preferred side. Meta is offering 250 million Series A depositary shares at $50 each, which comes to roughly $12.5 billion. A depositary share is a fractional slice of a larger security.

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