Blackstone ($BX) is seeking to raise up to $1.75 billion through an initial public offering of Blackstone Digital Infrastructure Trust, a vehicle focused on acquiring data centers tied to artificial intelligence demand.
- The trust plans to offer shares at $20 each, according to a filing with the U.S. Securities and Exchange Commission.
- Investors will receive an additional 1% in bonus shares, rounded down to the nearest whole share.
- The vehicle will target data centers valued between $250 million and $1.5 billion.
- Assets are expected to be leased to investment-grade hyperscale tenants.
- An affiliate of Blackstone has indicated interest in purchasing up to $200 million in shares.
- The trust will be externally managed by a Blackstone-affiliated entity for base and incentive fees.
- Blackstone said the total addressable stabilized data center market could reach $1 trillion over the next five years.
- The IPO is being led by major banks including Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America.
Relevant Companies
- Blackstone ($BX) – Expanding its exposure to AI infrastructure through a new publicly traded data center investment vehicle.
- Goldman Sachs ($GS) – Serving as a lead underwriter for the IPO.
- Morgan Stanley ($MS) – Participating as a key underwriter in the offering.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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