[Meta’s US$25 billion stock issuance was about 5 times oversubscribed and planned to raise a total of US$98 billion to increase AI] On October 27, Meta Platforms (META.US)’s expanded US$25 billion common stock issuance was enthusiastically subscribed by investors, with subscription demand reaching approximately five times the number of shares available for issuance. The stock issuance is part of Meta's total equity financing plan of US$98 billion. The company plans to use the raised funds for artificial intelligence (AI) infrastructure construction and personal super intelligence technology research and development. According to people familiar with the matter, more than half of the shares in this common stock issuance were allocated to long-term holding investors and existing Meta shareholders, indicating that institutional investors still maintain a high interest in the company's AI development strategy. At the same time, investors who received the largest 15 placements in this issuance collectively subscribed for about 70% of the shares, indicating that this financing has received concentrated support from large institutional investors.