Blackstone Eyes $2 Billion IPO for Data Center Acquisition Firm

Blackstone Inc. is considering an initial public offering that could raise $2 billion for an acquisition company that will snap up data centers, according to people familiar with the matter.

The alternative investment giant’s offering is being led by Goldman Sachs Group Inc. and could begin formal marketing as soon as this month, said the people, who asked not to be named because the matter is private. Citigroup Inc. and Morgan Stanley are among the banks leading the deal, one of the people said.

The firm has sounded out investors for a novel vehicle which would give shareholders a chance ...