Blackstone has filed for an initial public offering of its new data center acquisition vehicle, Blackstone Digital Infrastructure Trust Inc. The company plans to list on the New York Stock Exchange under the ticker symbol BXDC, targeting newly built data centers valued between $250 million and $1.5 billion. These facilities will be leased to investment-grade hyperscalers.

According to an SEC filing, Blackstone offers an incentive for IPO investors who purchase at least 100 shares, providing an additional 1 percent of their investment amount in common stock. This structure aims to attract institutional and retail investors to the newly formed vehicle. The filing signals Blackstone's continued expansion in the data center sector, following its significant investments in digital infrastructure.

The IPO comes as demand for data center space surges, driven by cloud computing growth and artificial intelligence applications. By creating a dedicated acquisition vehicle, Blackstone positions itself to capitalize on the expanding market for hyperscale facilities. The company's strategy focuses on acquiring premium properties leased to top-tier technology companies, potentially offering stable returns in the rapidly evolving digital infrastructure landscape.