Key Takeaways
- • Prologis, Inc. (NYSE: PLD) priced an underwritten public offering of 15,000,000 shares of common stock, with aggregate gross proceeds of approximately $2.1 billion before transaction expenses, according to the company's press release.
- • The offering is expected to close on August 5, 2026, subject to customary closing conditions; J.P. Morgan and BofA Securities are the underwriters.
- • Underwriters hold a 30-day overallotment option to purchase up to an additional 2,250,000 shares.
- • Net proceeds will be contributed to Prologis's operating partnership for general corporate purposes, including potential funding of the proposed SEGRO plc combination.
- • Prologis states there is no assurance the SEGRO combination will be completed on the proposed terms, on the anticipated timeline, or at all.
Summary
Prolopgis, Inc. (NYSE: PLD) announced the pricing of an underwritten public offering of 15,000,000 shares of its common stock, according to a PR Newswire release dated August 4, 2026. The aggregate gross proceeds to the company, before estimated transaction expenses, are expected to be approximately $2.1 billion. The offering is expected to close on August 5, 2026, subject to customary closing conditions.
J.P. Morgan and BofA Securities are acting as underwriters. The company has granted the underwriters a 30-day option, exercisable in whole or in part, to purchase up to an additional 2,250,000 shares solely to cover overallotments.
Prologis said it intends to contribute the net proceeds to its operating partnership, which plans to use them for general corporate purposes, including potentially funding the acquisition of SEGRO plc. The company cautioned that there can be no assurance the SEGRO combination will be completed on the proposed terms, on the anticipated timeline, or at all. The release lists risks including financing availability, currency exposure, integration difficulties, and the potential for shareholder litigation tied to the transaction.
The shares are being sold under Prologis's effective shelf registration statement filed with the Securities and Exchange Commission. A final prospectus supplement will be filed with the SEC and is available through the underwriters or on EDGAR. The release is not an offer to sell securities in any jurisdiction where such an offer would be unlawful.
J.P. Morgan and BofA Securities are acting as underwriters. The company has granted the underwriters a 30-day option, exercisable in whole or in part, to purchase up to an additional 2,250,000 shares solely to cover overallotments.
Prologis said it intends to contribute the net proceeds to its operating partnership, which plans to use them for general corporate purposes, including potentially funding the acquisition of SEGRO plc. The company cautioned that there can be no assurance the SEGRO combination will be completed on the proposed terms, on the anticipated timeline, or at all. The release lists risks including financing availability, currency exposure, integration difficulties, and the potential for shareholder litigation tied to the transaction.
The shares are being sold under Prologis's effective shelf registration statement filed with the Securities and Exchange Commission. A final prospectus supplement will be filed with the SEC and is available through the underwriters or on EDGAR. The release is not an offer to sell securities in any jurisdiction where such an offer would be unlawful.
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