Fierce Healthcare May 28, 2024
Healthcare payment software maker Waystar is looking to raise about $1.04 billion in an initial public offering, potentially marking the biggest IPO this year.
The company, backed by QT AB and Canada Pension Plan Investment Board, is offering 45 million shares for $20 to $23 each, according to a Tuesday filing with the U.S. Securities and Exchange Commission.
At the top of its price range Waystar would have a market value of about $3.98 billion based on the outstanding shares listed in its filing, about 173 million shares if the underwriters exercise in full their option to purchase additional shares of common stock.
The company’s IPO signals a potential upswing in the public investor market. The macroeconomic environment effectively put...
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