Blackstone wants $1.75bn for the first AI-era data-centre REIT

"Blackstone Digital Infrastructure Trust is seeking to raise as much as $1.75 billion in a US initial public offering, with shares marketed at $20 each."

"BXDC will target newly built, stabilised data centres valued at between $250 million and $1.5 billion, leased on long-term contracts to investment-grade hyperscalers."

"This offering is significant for the AI infrastructure trade, as it provides a direct way for public-market investors to access the data-centre boom."

"The geography of BXDC's investments will focus on top-tier US markets where supply shortages are most acute, including Northern Virginia."

Blackstone Digital Infrastructure Trust plans to raise up to $1.75 billion in an initial public offering on the NYSE under the symbol BXDC. The trust will focus on newly built, stabilized data centers valued between $250 million and $1.5 billion, leased to investment-grade hyperscalers. This offering represents a significant development for public investors seeking exposure to the data-center boom, as it is the first major attempt to package AI-era data-center opportunities for direct investment.

Read at TNW | Investors-Funding