Blackstone Digital Infrastructure Trust Inc. has filed a registration statement with the Securities and Exchange Commission seeking to offer common stock in an initial public offering. The company identifies its business focus as the acquisition and ownership of stabilized, newly-constructed data centers.
The filing does not include specifics on the number of shares to be offered nor a price range for the proposed offering. The company notes that completion of the offering is contingent on market conditions and the SEC granting effectiveness to the registration statement, and it provides no assurance regarding the timing or ultimate completion of the offering.
Should the offering proceed and be completed, the company plans to have its shares listed on the New York Stock Exchange under the ticker symbol "BXDC."
Underwriting and management team
The proposed offering lists Goldman Sachs, Citigroup, and Morgan Stanley as joint lead book-running managers. Additional joint book-running managers named in the filing include Barclays, BofA Securities, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets, and Wells Fargo Securities.
Further firms identified as joint book-running managers are BNP PARIBAS, SMBC Nikko, Societe Generale, BBVA, Credit Agricole CIB, MUFG, Santander, and TD Securities. Blackstone Capital Markets is listed as a co-manager.
Regulatory status and next steps
The registration statement has not yet become effective. Under the terms noted in the filing, no securities may be sold until the registration statement is declared effective by the SEC. The company has not provided a timetable for when that determination might occur.
Contextual note - The filing, as described above, outlines the transaction mechanics, underwriting syndicate, and the company’s stated business focus. The filing does not provide pricing, share quantity, or a timeline for effectiveness, and it explicitly states that the offering is subject to market conditions and regulatory approval.
Readers should note that the information presented reflects the content of the registration statement filed with the SEC and the particulars included in that document.