Prologis announces pricing of common stock offering

Prologis, (NYSE: PLD) owner, operator and developer of industrial real estate, yesterday announced the pricing of 31 million shares of its common stock in a public offering at a price of $41.60 per share.

Prologis 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. Subject to customary conditions, the offering is expected to close on or about April 30, 2013.

Source: Prologis

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