Prologis launches 15 million share public offering

Corporate Action

โดย PR Newswire·Read original

Summary · why it matters

Prologis has commenced an underwritten public offering of 15 million shares of its common stock. J.P. Morgan and BofA Securities are acting as the underwriters, and the company expects to grant them a 30-day option to purchase up to an additional 2.25 million shares to cover overallotments. Prologis intends to contribute the net proceeds to its operating partnership for general corporate purposes, including funding potential acquisitions such as SEGRO plc. The offering is being made under an effective shelf registration statement filed with the SEC.