Prologis Prices $2.1 Billion Stock Offering to Fuel SEGRO Acquisition
Prologis has priced a public offering of 15 million shares of common stock, aiming to raise approximately $2.1 billion. The San Francisco-based logistics giant intends to channel the net proceeds into its operating partnership, specifically targeting the funding of potential acquisitions, including its proposed combination with SEGRO plc.
The offering is scheduled to close on August 5, 2026, pending customary closing conditions. J.P. Morgan and BofA Securities are managing the transaction. To address potential overallotments, the company has granted underwriters a 30-day option to purchase an additional 2.25 million shares.
While the capital influx is earmarked for general corporate purposes and the SEGRO deal, the company cautioned that there is no guarantee the acquisition will proceed on the proposed terms or within the anticipated timeline. All shares are being issued under an effective shelf registration statement filed with the Securities and Exchange Commission.
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