Blackstone Digital Infrastructure Trust Inc. filed a registration statement on Form S‑11 with the U.S. Securities and Exchange Commission on April 10 2026, announcing a proposed initial public offering of the trust’s common stock. The filing indicates a potential offering of roughly $2 billion, although the number of shares, price range and other terms remain undetermined.
The trust will list its shares on the New York Stock Exchange under the symbol “BXDC.” The S‑11 names Goldman Sachs, Citigroup, Morgan Stanley, Barclays, BofA Securities, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities as joint lead book‑running managers, with BNP PARIBAS, SMBC Nikko, Société Générale, BBVA, Crédit Agricole CIB, MUFG, Santander and TD Securities as joint book‑running managers. Blackstone Capital Markets is the co‑manager of the offering.
The trust is a blind pool that has not yet acquired any data‑center assets. Its stated strategy is to acquire stabilized, newly‑constructed data centers with a target purchase price between $250 million and $1.5 billion, leasing the facilities to investment‑grade hyperscalers on long‑term contracts. Blackstone’s existing data‑center portfolio—including the acquisition of QTS Realty Trust and its partnership with AirTrunk—provides a foundation for the trust’s future acquisitions.
Blackstone’s leadership has framed the IPO as a way to monetize its growing data‑center holdings and to raise capital for further expansion in the AI infrastructure market. “Pennsylvania is transforming into a strategic hub for AI innovation. We’re excited to work with our partners at PPL to invest in the generation needed to support this critical digital infrastructure,” said Sean Klimczak, Global Head of Infrastructure at Blackstone. President Jon Gray added, “The AI revolution is creating generational opportunities to invest private capital at scale.”
The filing comes amid a surge in demand for data‑center capacity driven by AI workloads and cloud computing. Major cloud providers report capacity constraints, and the market for stabilized data‑center assets is projected to reach $1 trillion over the next five years. The IPO therefore positions Blackstone to capture a share of this expanding market while providing liquidity to existing investors.
The trust’s status as a blind pool introduces a degree of risk, as its success will depend on Blackstone’s ability to identify and acquire suitable assets post‑offering. Nonetheless, the involvement of a broad syndicate of leading investment banks signals strong confidence in the trust’s strategy and the underlying market opportunity.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.