Meta Prices $25 Billion Class A Stock Sale as Binance’s METAUSDT Perpetual Tracks Shares

Meta announced a $25 billion Class A common-stock offering at $625 a share in a release published Oct. 27, while Binance’s METAUSDT is a separate perpetual contract tracking the company’s Nasdaq-listed shares. Forward purchasers agreed to sell 40 million shares to underwriters. Meta expects the offering to close Oct. 29 and about $24.9 billion in net proceeds before expenses when the forward sale agreements are later settled. Meta expects 2026 capital expenditures of $135 billion to $145 billion, including principal payments on finance leases. METAUSDT is an equity perpetual settled in Tether (USDT) that trades around the clock.