J.P. Morgan and BofA Securities are leading the underwriting for the sale. The offering includes a 30-day option for the underwriters to purchase an additional 2.25 million shares to cover potential overallotments. While the move signals aggressive expansion plans, the company cautioned that there is no guarantee the SEGRO transaction will materialize under the current proposed terms or timeline.
In section Releases
Prologis Launches 15 Million Share Offering to Fund Potential SEGRO Deal
Prologis, the San Francisco-based logistics giant, has launched an underwritten public offering of 15 million shares of common stock. The company is positioning the capital raise to support general corporate operations, specifically earmarking proceeds for potential acquisitions, including a proposed combination with UK-based SEGRO plc.
The shares are being offered through an existing shelf registration statement filed with the SEC. Following the offering, the company intends to contribute the net proceeds to its operating partnership to bolster its capital structure for strategic growth. Investors can access the preliminary prospectus supplement through the SEC’s EDGAR database or directly via the lead underwriters.
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