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Report: Waystar Plans to Launch IPO in Early June
PYMNTS.com May 14, 2024
Waystar is reportedly planning to launch its initial public offering (IPO) in early June, seeking a valuation of $5 billion or $6 billion.
The healthcare payments company will begin its roadshow pitch to investors later in May, the Wall Street Journal (WSJ) reported Tuesday (May 14), citing unnamed sources.
Waystar did not immediately reply to PYMNTS’ request for comment.
The valuation the company is likely to seek would be higher than the $2.7 billion it was valued at in 2019 when private equity firm EQT acquired a majority stake together with Canadian Pension Plan Investment Board, according to the report.
It was reported in October that Waystar put its plans to go public on hold shortly before it was set...
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