Prologis, Inc. (PLD) said Thursday that it has priced 31 million shares of its common stock in a public offering at a price of $41.60 per share.
The company has granted the underwriters a 30-day option to purchase up to an additional 4.65 million shares of its common stock to cover over-allotments, if any.
Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., and Wells Fargo Securities acted as joint bookrunners for the offering.
The offering is expected to close on or about April 30.
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