Healthcare DIVE May 30, 2024
The digital health IPO market has stagnated in recent years, but a successful listing by Waystar could help break the ice, one expert said.
Dive Brief:
- Healthcare payment technology company Waystar expects to raise up to $1.04 billion in an initial public offering, the firm said in securities documents filed Tuesday.
- Waystar first publicly filed for a proposed IPO in October, but the company waited for more ideal market conditions to cement its public debut, according to a Bloomberg report, which cites sources familiar. The company plans to use proceeds from the IPO to repay outstanding debt, Waystar said in the filings.
- The IPO comes as the digital health market has stagnated in recent years, with few companies going...
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