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The Marked Chart Wire · Business
HotMeta Financing
Meta Platforms issued $12.5 billion in mandatory convertible preferred stock and $25 billion in Class A common shares. The preferred shares carry a 6.50 percent annual dividend and will convert in 2029.
Part of a series: Meta raises capital to fund AI infrastructure buildout
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Meta
Meta shares dropped 11 percent last week after Q3 results showed negative free cash flow and a proposed $97 billion asset sale. Canaccord analysts maintain a positive outlook on the stock.
Jio IPO
Shares of Jio Platforms, which has backing from Meta and Google, rose more than 21 percent on their first day of trading following a record IPO.
Meta
The company priced its new Class A stock issuance at $625 per share, raising $25 billion in total.
Deals
Nvidia pledged $3 billion to Meta Platforms, which intends to secure $95 billion for AI data centers. The two firms will also expand cooperation on new processors and AI agents.
Deals
Meta plans to raise $95 billion to fund its artificial intelligence infrastructure. Nvidia will provide a $3 billion portion of the capital as the two firms expand their collaboration.
Nvidia Meta
The two tech giants announced a $3 billion investment and a broader collaboration on their shared artificial intelligence initiatives.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.