Blackstone IPO: Shares of the fund that wants to capitalize on the AI boom have started trading

Preliminary trading in shares of Blackstone Digital Infrastructure Trust, a real estate investment trust that specializes in buying data centers and leasing them to large corporations, began in the trading system for Freedom clients. Later on Ma. 14, the company's securities will appear on the New York Stock Exchange under the ticker BXDC.

Blackstone Digital, a real estate investment fund founded by Blackstone, raised $1.75 billion in an IPO on the New York Stock Exchange. It offered 87.5 million shares at $20 apiece and granted the underwriters an option to purchase additional securities. If exercised, the offering would raise $2 billion and have 100.6 million shares outstanding, the press release said.

The listing was organized by Goldman Sachs, Citigroup, Morgan Stanley, Barclays, BofA Securities, Deutsche Bank Securities, JPMorgan, RBC Capital Markets and Wells Fargo Securities. BNP PARIBAS, SMBC Nikko, Societe Generale, BBVA, Credit Agricole CIB, MUFG, Santander and TD Securities were co-organizers. Blackstone Capital Markets acted as co-manager of the offering.

The REIT plans to use the proceeds of the deal to purchase data centers and for general corporate purposes, according to the company's IPO prospectus sent to the regulator. The prospectus also states that Blackstone's affiliate Blackstone Treasury Holdings III has expressed interest in acquiring $200 million worth of shares.

Investors participating in the offering will also receive an additional 1% of the purchase amount in the form of bonus shares rounded down to the nearest whole number, the prospectus said.

Blackstone Digital, established in November 2025, will specialize in investing in newly built data centers leased to large corporations, the company wrote in its IPO prospectus.

"Technological advances are the defining megatrend of this century: the convergence of AI, cloud computing and broader economic digitalization is driving unprecedented demand for data centers around the world," the company writes.

It sees this as a "significant investment opportunity" and points out that the data center (DC) market will reach $1 trillion in the next five years.

The data centers will be managed by Blackstone Real Estate, also affiliated with Blackstone, which manages $315 billion in real estate assets as of March 31, 2026.

While Blackstone Digital has no operations, it has no formal REIT status and no properties in its portfolio, the IPO documents say. These steps are scheduled to take place at the end of the offering, it said.

During conference calls for this reporting season, large private equity firms repeatedly emphasized how important artificial intelligence infrastructure has become in their strategies, Business Insider writes.

The publication quotes Blackstone president John Gray as saying that in the first quarter of 2026, "8 of the 10 most successful investments we had were in this area." "They were battery charging companies, energy companies, [...]," Gray said.

Mark Lipschultz, co-CEO of Blue Owl, a Blackstone competitor, also noted "unprecedented demand for data center capacity."

_______________________________

Freedom clients will be able to get access to Fervo Energy shares before the opening of the main exchange session. Trading will begin in the early pre-market format 2-3 hours before the U.S. exchanges open (from 15:30-16:30 Astana time). To participate, click on ticker BXDC.