IPO News | Rumor has it that logistics giant Prologis has selected an investment bank for its Hong Kong IPO to go public in the first half of next year as soon as possible

The Zhitong Finance App learned that according to media reports, logistics giant Prologis has selected an investment bank to conduct an initial public offering (IPO) in Hong Kong and is expected to launch an IPO as soon as the first half of 2026. People familiar with the matter revealed that Prologis has chosen Citibank, Deutsche Bank, Jeffrey and Daimo to arrange an IPO. People familiar with the matter said that relevant discussions are still ongoing, and details such as the scale and timing of the release have not yet been confirmed, adding that Prologis may eventually decide not to proceed with the listing. According to the report, representatives of Prolos and Daimo did not respond to requests for comment, and Citibank, Deutsche Bank, and Jefferies all declined to comment.

According to public information, Prologis was founded in 2009 and is headquartered in Singapore. It is an industrial service and investment company focusing on new infrastructure in the supply chain, big data and new energy fields. The asset management scale is about 80 billion US dollars. In 70 regional markets in China, Prologis invests in the development, management and operation of about 450 industrial infrastructure such as logistics, warehousing, manufacturing and R&D; the IT load of the computing power center is about 1,400 megawatts (MW); and the scale of new energy development exceeds 2 gigawatts (GW).

According to reports, Prologis was listed on the Singapore Stock Exchange in 2010 and raised 3.9 billion Singapore dollars. Cornerstone investors included China Investment Corporation, Alibaba, and Chow Tai Fook Group, which was the largest real estate IPO in the world at the time. In 2017, Prolos was acquired by a Chinese consortium for 16 billion Singapore dollars, setting a record for acquisitions in Asia. Foundation members include private equity firms Gao Lin Investment, Houpu Investment, and Vanke. In 2018, Prologis announced the completion of the privatization process and delisted from the Singapore Stock Exchange.

In September, it was reported that Prologis investor Houpu Investment said that the logistics company is seeking to list its business in China next year. Gunther Hamm, partner of Houpu and member of the board of directors of Prologis at the time, said that they are preparing to IPO the company's Chinese business in 2026.

In 2023, Prologis sold its GLP Capital Partners Inc.'s non-Chinese business to Ares Management Corp for US$5.2 billion. Prologis also tried to sell its Chinese business, but failed to reach an agreement with a state-owned buyer. In August 2024, Prologis received an investment of US$1.5 billion from the Abu Dhabi Investment Authority.

It is worth noting that there was market news last year that Prologis is considering listing in Hong Kong this year. Also, in 2021, there are media reports that Prologis plans to go public in Hong Kong using a REIT (REIT). It plans to raise about 1.6 billion to 2 billion US dollars. It is expected to go public by the end of 2021, but in the end, nothing happened.