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IPO · BXDC

Blackstone Digital Infrastructure Trust Inc.

Formerly Keystone REIT Inc.

Blackstone Digital Infrastructure Trust Inc. (BXDC) priced its initial public offering on May 15, 2026 at $20.00 per share, raising $1.75B, and listed on NYSE. At the IPO price its market capitalization was about $1.75B. Goldman Sachs was lead-left underwriter, joined by Citigroup, Morgan Stanley and Barclays and others. Simpson Thacher and Venable advised the company and Paul Hastings advised the underwriters.

Blackstone Digital Infrastructure Trust Inc. is a newly organized company that plans to acquire and own data center properties. It targets newly built, stabilized assets leased on long-term contracts to investment-grade hyperscale tenants in top data center markets.

Status
IPO
Ticker
BXDC
Exchange
NYSE
Priced
May 15, 2026
IPO price
$20.00
Raised
$1.75B
Market cap at IPO price
$1.75B
First filed
Apr 10, 2026
Underwriters
Goldman Sachs, Citigroup, Morgan Stanley, Barclays, BofA Securities, Deutsche Bank, J.P. Morgan, RBC Capital Markets, Wells Fargo, SMBC Nikko, Societe Generale and BMO Capital Markets
Company counsel
Simpson Thacher and Venable
Underwriters' counsel
Paul Hastings
Sector
Real estate & finance
Country / state
NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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