Blackstone Digital Infrastructure Trust Inc. has successfully raised $1.75 billion in its US initial public offering, capitalizing on the surging investor demand for artificial intelligence infrastructure. The asset manager's data-center acquisition vehicle sold 87.5 million shares at a fixed price of $20 per share, according to a statement from Bloomberg Terminal. The REIT aims to purchase already-built and leased properties that stand to benefit from the ongoing AI boom, positioning itself to capture significant returns as data center demand continues to soar. This IPO represents one of the largest REIT offerings in recent years and underscores the massive opportunity investors see in AI-related real estate assets. The timing of the offering comes as data center operators worldwide struggle to meet the insatiable demand for computing power driven by generative AI applications.

Key Points:

- Blackstone Digital Infrastructure Trust raised $1.75 billion in US IPO

- Sold 87.5 million shares at $20 per share fixed price

- REIT aims to acquire already-built and leased data center properties

- Capitalizes on unprecedented AI boom driving data center demand

- One of the largest REIT IPOs in recent years