Waystar Holding Corp. ("Waystar") today announced the pricing of its initial public offering of 45,000,000 shares of its common stock at a price to the public of $21.50 per share. Waystar granted the underwriters in the offering a 30-day option to purchase up to an additional 6,750,000 shares of common stock at the initial public offering price, less the underwriting discount. The shares are expected to begin trading on The Nasdaq Global Select Market ("Nasdaq") on June 7, 2024, under the symbol "WAY." The offering is expected to close on June 10, 2024, subject to customary closing conditions.
Waystar intends to use the net proceeds from the offering to repay outstanding indebtedness.
J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays are acting as joint lead book-running managers of the offering and as representatives of the underwriters for the offering. William Blair, Evercore ISI, BofA Securities, RBC Capital Markets, and Deutsche Bank Securities are acting as joint bookrunners for the offering. Canaccord Genuity and Raymond James are acting as co-managers for the offering.
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