Shares of Blackstone Digital Infrastructure Trust opened flat on the New York Stock Exchange on Thursday, after raising $1.75 billion in its IPO.
The stock opened at $20 per share, having sold 87.5 million shares at that price.
AI-linked companies dominate the U.S. IPO market this week with three billion-dollar offerings, the most since 2021.
The vehicle will invest primarily in newly built data centers leased to investment-grade tenants, with $25 billion in near-term opportunities.
