BXDC kicks off trading with a bumpy first week
BXDC shares closed Friday at $20.10, just above their $20 IPO price, after debuting below issue price on Thursday. The Blackstone-backed REIT raised $1.75 billion to buy data centers but has not yet acquired any assets. Investors remain dependent on Blackstone’s ability to execute. The stock trades on the NYSE under the ticker BXDC.