New stock news: Logistics giant Prologis is expected to submit its application to the Hong Kong Stock Exchange in the fastest in the second quarter, planning to raise over 1 billion US dollars.

Logistics giant GLP is rumored to be planning to list in Hong Kong. According to media reports, GLP is expected to submit a listing application in the second quarter of this year, with a target fundraising of at least $1 billion, equivalent to HK$7.8 billion. It was previously revealed by insiders that GLP has selected Citigroup, Deutsche Bank, J.P. Morgan, and Morgan Stanley to arrange the IPO. Public information shows that GLP was established in 2009 and is headquartered in Singapore. It is an industrial service and investment company focused on supply chain, big data, and new energy infrastructure, with assets under management of approximately $80 billion. GLP operates in 70 regions in China, investing in and managing approximately 450 logistics, warehousing, manufacturing, and research and development facilities; IT load in data centers is approximately 1,400 megawatts (MW); and new energy development scale exceeds 2 gigawatts (GW). It is known that GLP went public on the Singapore Stock Exchange in 2010, raising $3.9 billion Singapore dollars, with cornerstone investors including China Investment Corporation, Alibaba, and CHOW TAI FOOK Group, making it the largest real estate IPO in the world at that time. In 2017, GLP was acquired by a Chinese consortium for $16 billion Singapore dollars, setting a record for the largest acquisition in Asia. Consortium members include private equity firms Hillhouse Capital Group, Hopu Investment, and Vanke. In 2018, GLP announced the completion of the privatization process and delisted from the Singapore Stock Exchange. Since then, there have been multiple reports of GLP planning to list in Hong Kong. As early as 2021, there were reports that GLP planned to list as a real estate investment trust (REIT) in Hong Kong, aiming to raise approximately $1.6-2 billion, with an expected listing at the end of 2021. There were further reports in 2024 and 2025 of GLP planning to list in Hong Kong, but as of now, it has not materialized. In September 2025, it was reported that GLP investor Hopu Investment stated that the logistics company is seeking to list its Chinese operations next year. At that time, Gunther Hamm, partner at Hopu and member of the GLP board of directors, said that the company's Chinese operations are preparing for an IPO in 2026.