PYMNTS.com May 28, 2024
Healthcare payments software provider Waystar launched its initial public offering (IPO).
The company applied to list its shares on Nasdaq under the symbol “WAY” and said the estimated IPO price is between $20 and $23 per share, Waystar said in a Tuesday (May 28) press release.
Waystar intends to use the net proceeds from the IPO to “repay outstanding indebtedness,” according to the release.
With this offering, the company seeks to raise as much as $1.04 billion, making the IPO one of the year’s biggest, Bloomberg reported Tuesday. At the top of the price range, Waystar would have a market value of about $3.98 billion.
Waystar had been waiting for the right market conditions to launch the IPO, according to...
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