finance 1 min read

Blackstone Targets $1.7 Billion in IPO for Data Center Push

Blackstone Digital Infrastructure Trust files for a $1.7B IPO to acquire newly built data centers, capitalizing on AI-driven demand.

2026-05-04T13:27:56.560Z

Blackstone Targets $1.7 Billion in IPO for Data Center Push

Blackstone is raising over $1.7 billion through a new investment vehicle focused on the booming data center market. The Blackstone Digital Infrastructure Trust filed for an initial public offering on Monday, offering 87.5 million shares at $20 each.

Data centers have become prime assets as the rapid expansion of digital infrastructure drives artificial intelligence workloads.

The trust will list on the New York Stock Exchange under the symbol 'BXDC.'

Wall Street's top firms, including Goldman Sachs, Citigroup, and Morgan Stanley, are leading the underwriting.

Topics Blackstone Digital Infrastructure Trust IPO $1.7 billion data centers artificial intelligence BXDC