Blackstone raised $1.75 billion through the initial public offering of the Blackstone Digital Infrastructure Trust, reflecting strong investor interest in artificial intelligence infrastructure assets. The trust sold 87.5 million shares at $20 each, targeting data centers valued between $250 million and $1.5 billion that are leased to investment-grade hyperscalers. This IPO is notable as it is the largest-ever for a blind-pool REIT, meaning it has not yet acquired any data center assets. Blackstone anticipates a $1 trillion total addressable market for stabilized data centers in the next five years, highlighting significant investment potential. Investors in the IPO will receive bonus shares equal to 1% of their purchase, and a Blackstone affiliate has shown interest in acquiring up to $200 million worth of shares. The IPO was managed by a consortium of banks including Goldman Sachs, Citigroup, and Morgan Stanley, with shares set to begin trading on the New York Stock Exchange under the ticker symbol BXDC.