Prologis priced a public offering of 15 million common shares. The company expects to raise approximately $2.1 billion in gross proceeds.
Net proceeds will fund general corporate purposes and the potential acquisition of SEGRO plc. The stock offering is scheduled to close on August 5, 2026.
Prologis previously agreed to a recommended offer for SEGRO valued at approximately $18.8 billion. The deal carries a British pound valuation of £14 billion.
This combination would significantly increase the company's industrial real estate footprint in Europe. Management stated there is no certainty the SEGRO acquisition will be completed.