Blackstone Digital Infrastructure Trust opens flat in NYSE debut after $1.75 billion IPO

Shares of Blackstone Digital Infrastructure Trust opened flat in their New York Stock Exchange debut on Thursday after the newly formed investment vehicle raised $1.75 billion in its US initial public offering.The New York-based company’s stock opened at $20 per share. It sold 87.5 million shares in the IPO at $20 each.Artificial intelligence-linked companies have taken centre stage in the US IPO market this week, with three billion-dollar offerings, including chip firm Cerebras and Fervo Energy—the most on a weekly basis since 2021—according to Renaissance Capital, which provides IPO-focused research and ETFs.Blackstone Digital Infrastructure Trust will invest primarily in newly constructed data centre assets leased to investment-grade hyperscale tenants. The company said earlier it has identified $25 billion in near-term opportunities in top markets such as Northern Virginia, Ohio, Phoenix, Maryland and Austin.