Prologis files $5B at-the-market offering: is the stock below fair value?
FROM THE WIRE · FINANCE.YAHOO.COM
Prologis (PLD) has moved back into the equity market, filing a US$5b at-the-market follow-on offering and immediately placing US$71.8m of common stock with investors. That equity raise drops into a stock that has been treading water in the shorter term, with a 1 month share…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA share sale program of this size can weigh on the stock through dilution.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Prologis filed a $5B at-the-market follow-on offering.
- 02It immediately placed $71.8M of common stock with investors.
- 03The share price is $130.55 and the 1-year total shareholder return is 7.81%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets