Blackstone Digital Infrastructure Trust Inc. has set the price for its initial public offering at $20.00 per share for 87.5 million shares, the trust said in a company statement. The fixed price produces primary gross proceeds of $1.75 billion and could rise to as much as $2.0 billion if the underwriters exercise their 30-day option to buy additional shares in full.
The shares are scheduled to begin trading on the New York Stock Exchange on May 14, 2026, using the ticker symbol "BXDC." The offering is expected to close on May 15, 2026, subject to customary closing conditions.
The trust said it intends to deploy net proceeds primarily into newly constructed, income-generating data center properties that have reached operational stability. The investment mandate targets stabilized facilities that are leased to investment-grade hyperscale tenants under long-term contracts, and includes an emphasis on assets that provide contractual rent escalations plus acquisition opportunities to support growth.
Goldman Sachs & Co. LLC, Citigroup, and Morgan Stanley are serving as joint lead book-running managers for the offering. Additional joint book-running managers listed for the transaction include Barclays, BofA Securities, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets, and Wells Fargo Securities.
Blackstone Digital Infrastructure Trust is externally managed by an affiliate of Blackstone Inc. The Securities and Exchange Commission declared the registration statement for the offering effective on May 13, 2026.
As a newly organized company focused on digital infrastructure, the trust says it will concentrate on acquiring data center assets that serve the digital economy. The strategy emphasizes stabilized, income-producing properties with contractual rent escalations and contemplates additional acquisition activity as a route to growth.
Context and next steps
- The offering price and share count establish a $1.75 billion base financing, with the potential for expansion to $2.0 billion through the underwriters' option.
- Trading is expected to commence on May 14, 2026, and the transaction is slated to close the following day, subject to standard closing conditions.
- Capital will be directed toward newly built, stabilized data center properties leased to investment-grade hyperscale tenants under long-term arrangements.