Prologis Launches 15 Million Share Offering for Potential Acquisitions
Prologis announced a public offering of 15 million common stock shares to fund general corporate purposes and potential acquisitions including SEGRO Plc.
Prologis, Inc. launched an underwritten public offering of 15 million shares of common stock on Tuesday, August 4, 2026. The company appointed J.P. Morgan and BofA Securities as underwriters for the offering, granting them a 30-day option to purchase an additional 2.25 million shares to address overallotments.
Prologis intends to direct the net proceeds toward its operating partnership for general corporate purposes. This capital allocation specifically includes the pursuit of potential acquisitions, with SEGRO Plc identified as a possible target.
Following the announcement, Prologis shares declined 2.42 percent to $140.68 during pre-market trading on the New York Stock Exchange.
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