Blackstone Seeks $1.75B IPO for Data Center REIT
The Blackstone Digital Infrastructure Trust, a recently established real estate investment trust (REIT) concentrating on data centers, plans to secure $1.75 billion via an initial public offering. This trust will focus on newly constructed data centers that are leased to investment-grade hyperscale tenants. Trading of shares is anticipated on the New York Stock Exchange, with the ticker symbol BXDC.
Key facts
- Blackstone Digital Infrastructure Trust is seeking $1.75 billion in an IPO.
- The REIT will focus on newly built data centers.
- Data centers will be leased to investment-grade hyperscale tenants.
- Shares will trade on the NYSE under the ticker BXDC.
Entities
Institutions
- Blackstone Digital Infrastructure Trust
- New York Stock Exchange
Locations
- New York City
- United States
Sources
- Quartz —