India, Oct. 27 -- Meta Platforms Inc. (META), a technology company, on Monday announced the pricing of its public offerings of 250 million depositary shares representing Series A mandatory convertible preferred stock at $50 each and $25 billion of Class A common stock at $625 per share through forward sale agreements.
The company expects the offerings to close on October 29.
The company said it priced 250 million depositary shares at $50 each, representing a total offering value of $12.5 billion.
The preferred stock carries a 6.50% annual dividend rate.
The company has granted the underwriters 30-day options to purchase additional depositary shares worth up to $1.875 billion and additional Class A common stock worth up to $3.75 billion,...