Today, Prologis, Inc., developer, owner, and operator of industrial real estate in America, Europe, and Asia, announced that they will be going public by offering 30 million shares of common stock.
The registered public offering will have Bank of America Merrill Lynch and J.P. Morgan as joint bookrunners. Underwriters in the public offering will be granted 30-days to decide if they want to purchase up to 4.5 million of additional shares of common stock.
The company has said that they plan to use a portion of their proceeds from the public offering to repay borrowed funds related to their Prologis European Properties bridge facility.
Contact the Orange County securities lawyers of Daily Aljian at 949-861-2524 today, if you are a business owner with questions about qualifying under the SEC regulations or public trading.