Prologis Prices ~$2.1B Offering Of 15M Common Shares
Prologis, Inc. (NYSE:PLD) (the "Company" or "Prologis") announced today the pricing of an underwritten public offering of 15,000,000 shares of its common stock. The aggregate gross proceeds to the
Prologis is selling 15 million new shares of its stock to raise about $2.1 billion in cash. When a company does this, watch whether they use the money wisely—like buying buildings or paying debt—which could help them grow.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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