By Kelly Cloonan
Blackstone Digital Infrastructure Trust has filed for an initial public offering.
The company, which will be managed by a Blackstone affiliate, said it intends to list its shares on the New York Stock Exchange under the ticker BXDC, according to a filing with the Securities and Exchange Commission on Friday. The company, which intends to qualify as a real estate investment trust, said it has not yet determined the prize or size of the offering.
Using the proceeds from the offering, the company plans to focus on acquiring and owning data centers. It expects to target newly constructed properties leased to hyperscale tenants on long-term contracts.
The company has also granted underwriters a 30-day option to purchase an additional, undisclosed number of units to cover over-allotments. Goldman Sachs, Citigroup, Morgan Stanley, Barclays, BofA Securities, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities are acting as joint lead book-running managers.
Blackstone Digital Infrastructure Trust said it is an "emerging growth company" as defined under the federal securities laws and may elect for reduced public company reporting requirements for future filings.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
04-10-26 1715ET
