Overview
- Blackstone Digital Infrastructure Trust, which filed Monday, aims to raise about $1.7–$1.75 billion by selling 87.5 million shares at $20 and listing on the NYSE as BXDC.
- The REIT plans to buy newly built, fully leased data centers with investment‑grade hyperscaler tenants and targets initial gross asset yields of roughly 5.75% to 7%, avoiding construction risk.
- IPO buyers will receive bonus shares equal to 1% of their purchase, and a Blackstone affiliate has indicated interest in purchasing up to $200 million of stock.
- Blackstone says it has roughly $25 billion in near‑term deals across hubs including Northern Virginia, Ohio, Phoenix, Maryland and Austin.
- Early coverage noted Blackstone shares traded flat to slightly lower after the filing as investors weighed near‑term costs against the long‑term data center push.