Prologis Launches 15M Share Offering to Fund SEGRO Acquisition

summarizeSummary

Prologis files a preliminary prospectus supplement for a 15 million share common stock offering to help fund its £14.3 billion acquisition of SEGRO plc, announced earlier today.

check_boxKey Events · Financing and Capital Events · PLD

• 15M Share Offering Launched

  Prologis is offering 15,000,000 shares of common stock, with a 30-day over-allotment option for an additional 2,250,000 shares. The offering is being made pursuant to a shelf registration statement.

• Proceeds to Fund SEGRO Acquisition

  Net proceeds will be used for general corporate purposes, including to fund the £14.3 billion acquisition of SEGRO plc, which was formally agreed to earlier today.

• Dilution Impact

  The offering will increase shares outstanding by approximately 1.6% (to 948.1 million shares), or 1.8% if the over-allotment is fully exercised. Including common units, total shares and units would rise to about 966.9 million.

• Pricing Not Yet Set

  The preliminary prospectus supplement does not include a public offering price. The last reported sale price on August 3, 2026 was $144.15 per share.

auto_awesomeAnalysis · PLD · Real Estate & Construction

To help finance the £14.3 billion acquisition of SEGRO plc announced earlier today, Prologis is selling 15 million shares of common stock, with underwriters holding an option to purchase an additional 2.25 million shares. Net proceeds are earmarked for general corporate purposes, including the transformative deal that will create the world's largest logistics real estate platform. While the offering is dilutive—increasing shares outstanding by about 1.6% (or 1.8% if the over-allotment is exercised)—it directly supports this strategic move. Pricing has not yet been set, though the last reported sale price was $144.15 on August 3, 2026. J.P. Morgan and BofA Securities are leading the offering.