New York-listed Prologis, the global provider of distribution facilities, announced on Wednesday the pricing of 80 million common shares in a public offering at a price of $12.30 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 12 million shares to cover overallotments, if any.

New York-listed Prologis, the global provider of distribution facilities, announced on Wednesday the pricing of 80 million common shares in a public offering at a price of $12.30 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 12 million shares to cover overallotments, if any.

BofA Merrill Lynch, Morgan Stanley, Goldman, Sachs & Co. and J.P. Morgan acted as joint bookrunners for the offering. Subject to customary conditions, the offering is expected to close on or about 1 November.