Prologis Announces $2.1 Billion Common Stock Offering for Potential Acquisitions

Prologis, Inc. has entered into an underwriting agreement for a public offering of 15,000,000 shares of its common stock. The company anticipates raising approximately $2.1 billion in net proceeds from the sale, with funds designated for general corporate purposes, including a potential acquisition of SEGRO plc.

Key Details

• Offering Details: Sale of 15,000,000 common shares expected to generate net proceeds of approximately $2.1 billion.
• Underwriters' Option: Underwriters, J.P. Morgan Securities LLC and BofA Securities, Inc., have a 30-day option to purchase an additional 2,250,000 shares, which could increase net proceeds to approximately $2.4 billion if fully exercised.
• Use of Proceeds: Funds are allocated for general corporate purposes, with a specific mention of funding the potential acquisition of SEGRO plc. The company noted there is no assurance the combination will be completed.
• Timeline: The underwriting agreement was dated August 4, 2026, and the offering is expected to close on August 5, 2026.