Blackstone data trust raises $1.75 billion, fueled by AI and cloud demand

Blackstone Digital Infrastructure Trust Inc. (NYSE: BXDC) raised $1.75 billion in its U.S. initial public offering.

The newly formed REIT priced 87.5 million shares. The offering price was $20.00 per share. Shares began trading on the New York Stock Exchange on May 14, 2026.

An affiliate of Blackstone Inc. (NYSE: BX) externally manages the trust. The IPO capitalizes on investor demand for digital infrastructure driven by artificial intelligence and cloud computing.

The trust will use the proceeds to acquire newly-built, stabilized data centers. These assets are leased to large-scale tenants in key U.S. markets.