Blackstone Digital Infrastructure Trust Inc, the world’s largest alternative asset manager, has priced its initial public offering (IPO) at US$ 20 per share, selling 87.5 million shares of common stock, and raising about US$ 1.75 billion. The underwriters have a 30-day option to buy additional shares and if that option is fully exercised, total proceeds would increase to US$ 2.0 billion with 100.6 million shares outstanding.
According to a company press release, Blackstone plans to use the net proceeds primarily to invest in newly built, income-producing, stabilized data center assets, consistent with its digital infrastructure strategy. Shares are expected to begin trading on the New York Stock Exchange under the ticker “BXDC” on May 14, 2026 and the offering is scheduled to close on May 15, 2026, subject to standard closing conditions.
A large group of investment banks are underwriting the deal with joint book-running managers including Goldman Sachs & Co. LLC, Citigroup, Morgan Stanley, Barclays, Bank of America Securities, Deutsche Bank, JPMorgan Chase, RBC Capital Markets and Wells Fargo.
Additional joint book-running managers include BNP Paribas, SMBC Nikko Securities, Société Générale, BBVA, BMO Capital Markets, Crédit Agricole CIB, MUFG, Santander and TD Securities.
Co-managers include Blackstone Capital Markets, along with Academy Securities, AmeriVet Securities, Blaylock Van, Drexel Hamilton, Independence Point Securities, Loop Capital Markets, Mischler Financial Group, Ramirez & Co., Roberts & Ryan, and R. Seelaus & Co.
We have been reporting Blackstone’s recent large investments into data centers and AI factories across the globe. Among some of the more recent and significant investments are a US$ 10 billion private debt financing facility for Firmus Technologies, led by funds managed by Blackstone, with support from Coatue, to enable it to scale its national AI infrastructure platform. The financing is among the largest private debt transactions in Australian corporate history and will fund the next phase of Project Southgate, Firmus’ programme to deploy large-scale “AI Factories” across Australia. The facilities are based on the Nvidia DSX reference architecture and are designed to support high-performance AI workloads for hyperscale and AI-native customers.
Similarly, funds affiliated with Blackstone have taken a 49 percent stake in Rowan Digital Infrastructure, an American sustainable hyperscale data center developer in the United States. The investment was disclosed alongside Rowan’s existing backer Quinbrook Infrastructure Partners, which continues to hold a role in the company’s ownership and strategy.
Meanwhile in India Neysa, an Artificial Intelligence acceleration cloud platform, has announced that private equity funds affiliated with Blackstone, and co-investors, have entered into definitive agreements to invest into it, enabling a US$ 1.2 billion capital raise. Blackstone and co-investors have provided equity capital of up to US$ 600 million, on the basis of which Neysa intends to secure an additional US$ 600 million of debt financing, subject to documentation. Blackstone will partner with Sharad Sanghi (Co-Founder and Chief Executive Officer, Neysa) to accelerate Neysa’ growth.