Prologis to raise $2.1B from 15M common stock offering

Prologis, Inc. entered into an underwriting agreement for a public offering of 15,000,000 shares of its common stock. The offering is expected to generate net proceeds of approximately $2.1 billion, or $2.4 billion if the underwriters' over-allotment option for an additional 2,250,000 shares is fully exercised. The company intends to use the proceeds for general corporate purposes, including potential acquisitions such as SEGRO plc. The offering is expected to close on August 5, 2026.