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Financial News Network
June 27, 2011 AT 12:01 AM
Prologis, Inc. (NYSE:PLD) announced today the pricing of its 30 million-share common stock public offering at $33.50 per share.At that price, the company would raise just over $1 billion, before expenses and not including the 4.5 million shares granted to underwriters to cover over-allotments.Bank of America (NYSE:BAC) Merrill Lynch, J.P. Morgan (NYSE:JPM), Citigroup (NYSE:C), Deutsche Bank AG (NYSE:DB), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) acted as joint book runners for the public offering.Subject to the customary conditions, the share sale is expected to close on or about June 28th.Shares of ProLogis are trading down 2.13% at $33.54.