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...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

Continue Reading

 
Topics: Investments, RCM (Revenue Cycle Mgmt), Technology, Trends
Related Articles:
Aspirion lands 7th acquisition in 6 years
Revenue Cycle Risk Takers
Revenue Cycle AI Is Costly and Cumbersome. Here's Why Leaders Are Still Buying In.
Medical Tourism and Global Private Healthcare Drive Revenue Cycle Innovation: Black Book Report
4 Cornerstones for Successful AI Implementation in Hospital Revenue Cycle Management in 2025

Share This Article