Blackstone Digital Infrastructure Trust Inc. is seeking to raise up to $1.75 billion through a U.S. initial public offering.
Blackstone Digital Infrastructure Trust, which will acquire newly constructed data centers, is offering 87.5 million shares, including 725,987 bonus shares, at a price of $20 each, according to its filing Monday with the U.S. Securities and Exchange Commission.
“With an estimated $1 trillion total addressable stabilized data center market expected over the next five years, we believe the industry represents a substantial investment opportunity,” the company stated in its filing.
The offering includes an additional 1% of shares as bonus shares, rounded down to the nearest whole share, the filing shows.
The company will target newly built data centers valued between $250 million and $1.5 billion and leased to investment-grade hyperscalers.
Blackstone Digital Infrastructure Trust will be externally managed by a Blackstone-affiliated entity and will be listed on the New York Stock Exchange under the ticker symbol “BXDC.”
By CEO NA Editorial Staff
