Blackstone Digital Infrastructure Trust completes $2 billion IPO

Blackstone Digital Infrastructure Trust Inc. (NYSE: BXDC) announced that underwriters exercised their option in full to purchase additional shares in the company's initial public offering. The exercise involved 13,119,900 additional shares at $20.00 per share, bringing total gross proceeds to over $2 billion.

The additional shares closed Tuesday, according to a company statement. Goldman Sachs & Co. LLC, Citigroup, and Morgan Stanley served as joint lead book-running managers for the offering, with Barclays, BofA Securities, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities also acting in that capacity.

The Securities and Exchange Commission declared the registration statement effective on May 13, 2026. BNP PARIBAS, SMBC Nikko, Societe Generale, BBVA, BMO Capital Markets, Credit Agricole CIB, MUFG, Santander and TD Securities acted as joint book-running managers.

Blackstone Digital Infrastructure Trust focuses on acquiring data center assets leased to investment-grade hyperscale tenants. The company targets newly-constructed, income-generating properties with long-term contracts. BXDC is externally managed by an affiliate of Blackstone Inc. (NYSE: BX).

Several firms served as co-managers for the offering, including Blackstone Capital Markets, Academy Securities, AmeriVet Securities, Blaylock Van, LLC, Drexel Hamilton, Independence Point Securities, Loop Capital Markets, Mischler Financial Group, Inc., Ramirez & Co., Inc., Roberts & Ryan and R. Seelaus & Co., LLC.

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