Benzinga | Nov 18, 2020 07:23AM EST

Simon Property Group Announces Commencement Of 17.5M Share Common Stock Offering

INDIANAPOLIS, Nov. 18, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE:SPG) ("Simon" or the "Company"), a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that Simon has commenced an offering of 17,500,000 shares of common stock. The Company expects to grant the underwriters an overallotment option to purchase up to 2,625,000 additional shares of common stock.