Blackstone Digital Infrastructure Trust prices $1.75 billion IPO at $20 per share

Blackstone Digital Infrastructure Trust Inc. (NYSE: BXDC) priced its initial public offering of 87.5 million shares at $20.00 per share, according to a company statement. The offering could reach $2.0 billion in gross proceeds if underwriters exercise their 30-day option to purchase additional shares in full.

The shares are expected to begin trading on the New York Stock Exchange on May 14, 2026, under the ticker symbol "BXDC." The offering is expected to close on May 15, 2026, subject to customary closing conditions.

The company plans to use net proceeds primarily to invest in newly-constructed, income-generating data center assets that have reached operational stability. The trust targets properties leased to investment-grade hyperscale tenants on long-term contracts.

Goldman Sachs & Co. LLC, Citigroup, and Morgan Stanley are serving as joint lead book-running managers for the offering. Additional joint book-running managers include Barclays, BofA Securities, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets, and Wells Fargo Securities.

Blackstone Digital Infrastructure Trust is externally managed by an affiliate of Blackstone Inc. (NYSE: BX). The Securities and Exchange Commission declared the registration statement for the offering effective on May 13, 2026.

The newly organized company focuses on acquiring data center assets that serve the digital economy. The investment strategy targets stabilized properties with contractual rent escalations and potential acquisition opportunities for growth.

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