Blackstone is seeking $1.75bn (€1.49bn) through an initial public offering (IPO) of a US data centre investment trust on the New York Stock Exchange.
The asset manager has priced 87.5m shares at $20 each for Blackstone Digital Infrastructure Trust’s (BXDC) IPO.
Including an option to purchase additional shares, the offering could reach 100.6m shares in total to raise gross proceeds of $2bn.
BXDC shares are expected to begin trading on the New York Stock Exchange on 14 May 2026.
Blackstone said the listed trust intends to invest the net proceeds from the offering primarily in newly-constructed, income-generating, stabilised data centre assets leased to investment-grade hyperscale tenants on long-term contracts.
Blackstone has become a significant investor in global digital infrastructure through various deals and partnerships.
During Blackstone’s 2025 fourth-quarter results, president Jon Gray stated that the year was one of the firm’s most successful, with gains across digital, energy and transportation infrastructure. He noted that the QTS data centre business was the main driver of returns for both the infrastructure and real estate divisions.
In the US, the firm bought a stake in Rowan Digital Infrastructure to help develop more sites for large-scale customers.
Internationally, AirTrunk, a platform backed by Blackstone and the Canada Pension Plan Investment Board, is investing MYR12bn (€2.6bn) to build two new data centres in Malaysia. This brings its total commitment in the country to about MYR27bn.
The firm recently led a US$10bn (€8.5bn) debt financing facility for the Australian company Firmus to support its international data centre expansion.
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