New York: Blackstone raised $1.75 billion through the initial public offering of Blackstone Digital Infrastructure Trust, underscoring strong investor appetite for artificial intelligence infrastructure assets. The Blackstone-backed real estate investment trust (REIT), focused on acquiring data centers benefiting from the AI boom, sold 87.5 million shares at $20 apiece, according to a statement on Wednesday.
The vehicle plans to acquire already-built and leased data centers valued between $250 million and $1.5 billion that are rented to investment-grade hyperscalers, company filings showed.
