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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Filings
- Registration statement (S-11) first filed Apr 10, 2026
- Latest amendment May 4, 2026
- Final prospectus (424B4) May 15, 2026
- All filings on EDGAR CIK 2100161
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