ProLogis European Properties today celebrates a successful introduction by listing 188.7 million ordinary units in ProLogis European Properties on Eurolist by Euronext Amsterdam.
The opening price was € 14.35. Based on this opening price, the company has a market capitalisation of around € 2.708 bln. This means that ProLogis is the largest real estate IPO this year on Euronext. The IPO will bring the total market capitalisation of newly listed companies on Euronext markets this year above the level of € 50 bln.
ProLogis European Properties is a publicly traded real estate investment company that was established in 1999. It is managed by a subsidiary of ProLogis, a US based real estate investment trust that operates a global network of industrial distribution properties and is a leading provider of distribution facilities and distribution services in North America, Europe and Asia.
“The choice of ProLogis European Properties to list here confirms the attractiveness of our marketplace. Euronext is seen as the gateway to the Eurozone as it is the largest exchange of continental Europe in terms of market capitalisation of listed companies. For international real estate companies Euronext is attractive for its international approach and its understanding of the needs of investment companies’, Joost van der Does de Willebois, Euronext CFO and member of the Managing Board said today, just before Robert Watson, CEO of ProLogis European Properties, sounded the gong on the Amsterdam trading floor to mark the start of trading.
