Blackstone Data Center REIT Files for Up to $1.75 Billion IPO
Blackstone has filed for an IPO of its data center REIT seeking to raise up to $1.75 billion, targeting newly built data centers in the $250 million to $1.5 billion valuation range. The offering represents one of the largest public data center investment vehicles to date and proceeds are expected to fund the acquisition of purpose-built hyperscale facilities. The filing comes as AI training and inference demand continues to drive data center construction backlogs globally.
Why It Matters
A $1.75B public offering shifts AI infrastructure capital from private markets to broadly accessible investment vehicles, democratizing exposure to data center demand and signaling the institutional conviction that AI compute infrastructure is a durable public-market asset class.