🔴 DLR is trading 4.8% down today after Blackstone’s $2.35B secondary offering

DLR is trading 4.8% down at $181.44 in pre-market after Blackstone affiliates launched a $2.35 billion secondary offering of common stock tied to the closing of the company’s Northern Virginia data-center acquisition.

• While DLR itself is not selling shares or receiving proceeds, the sizable secondary sale increases the available float.
• The stock is facing downward pressure as investors digest the sudden increase in supply and potential dilution dynamics.
• The offering follows the completion of a major data-center acquisition in Northern Virginia.