Prologis launches Fibra

Prologis launches Fibra


US-based Prologis is targeting up to MXN8.6bn ($665.8m) in the IPO of its real estate trust, which is scheduled for early next month. The US-based company is offering 296.7m certificates in Fibra Prologis, if overallotment options are included. Pricing has been set at between MXN26 and MXN29 per certificate, according to documentation filed on Wednesday, meaning the deal could raise between MXN7.7bn and MXN8.6bn if the hot issue and greenshoe options are exercised. Bookrunners Actinver, Bana

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