Overview
Blackstone Digital Infrastructure Trust Inc. (BXDC) confirmed that the underwriters in its initial public offering exercised their option in full, purchasing 13,119,900 additional shares at a price of $20.00 per share. That exercise pushed the offering's gross proceeds to in excess of $2 billion, the company said.
Closing and regulatory milestone
The company said the additional shares closed Tuesday, according to a statement. The Securities and Exchange Commission declared the registration statement effective on May 13, 2026.
Underwriting syndicate
Goldman Sachs & Co. LLC, Citigroup and Morgan Stanley served as joint lead book-running managers for the offering. Barclays, BofA Securities, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities also acted in that capacity.
In addition, BNP PARIBAS, SMBC Nikko, Societe Generale, BBVA, BMO Capital Markets, Credit Agricole CIB, MUFG, Santander and TD Securities were named as joint book-running managers.
Co-managers
Several firms participated as co-managers for the transaction, including Blackstone Capital Markets; Academy Securities; AmeriVet Securities; Blaylock Van, LLC; Drexel Hamilton; Independence Point Securities; Loop Capital Markets; Mischler Financial Group, Inc.; Ramirez & Co., Inc.; Roberts & Ryan; and R. Seelaus & Co., LLC.
Business focus and management
Blackstone Digital Infrastructure Trust focuses on acquiring data center properties that are leased to investment-grade hyperscale tenants. The company targets newly-constructed, income-generating facilities that operate under long-term contracts. BXDC is externally managed by an affiliate of Blackstone Inc. (BX).
Implications for markets and sectors
The completed offering adds a substantial pool of capital to BXDC as it pursues data center acquisitions. The underwriting syndicate includes a broad mix of global and regional banks, reflecting the scale and distribution of the transaction.
Note: This report is based solely on the company's statement regarding the offering, the SEC filing effectiveness date, and the lists of managing and co-managing banks as provided by the company.