Blackstone Data Center REIT Seeks to Raise $1.75 Billion in IPO

Blackstone Digital Infrastructure Trust Inc. is seeking to raise as much as $1.75 billion in a US initial public offering, offering investors the chance to capitalize on a surge in building artificial intelligence infrastructure.

The asset manager’s data-center acquisition vehicle aims to buy already-built and leased properties benefiting from the AI boom. It plans to market shares for $20 each, according to its filing Monday with the US Securities and Exchange Commission.