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Waystar launches IPO, aims to raise $1B
Becker's Healthcare May 28, 2024
Waystar launched its initial public offering May 28 and with the goal of raising around $1 billion, according to a news release from the company.
Five details:
1. Waystar set its IPO of 45 million shares at $20 to $23 per share and expects to grant underwriters in the offering 30 days to purchase up to 6.7 million shares of common stock at the IPO price.
2. The healthcare payments company plans to use net proceeds to repay outstanding indebtedness. Waystar has acquired HealthPay24 and Patientco, a patient payments, communication and engagement...
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