Meta plans to raise about $35 billion, Nvidia and others each plan to purchase up to $5 billion worth of shares.

Meta Platforms (META.US) plans to raise approximately $35 billion through two simultaneous underwritten public offerings, including about $22.5 billion from Class A common stock offerings and around $12.5 billion from Series A mandatory convertible preferred stock offerings. According to reports, Meta’s common stock offering will be conducted through forward sale agreements, while the preferred stock offering involves depositary shares representing Series A mandatory convertible preferred shares. Relevant information shows that Meta intends to issue up to 250 million Series A depositary shares. In addition, NVIDIA, AMD, and Broadcom are each interested in purchasing up to $5 billion worth of Meta stock.