PYMNTS.com November 1, 2023
Healthcare payments firm Waystar’s plans to go public are reportedly on hold.
The company had planned to begin an investors roadshow in advance of an initial public offering (IPO) this week, but will now wait to do so until December at the earliest, the Wall Street Journal (WSJ) reported Tuesday (Oct. 31), citing sources familiar with the matter.
PYMNTS has contacted Waystar for comment but has not yet received a reply.
Waystar’s IPO was anticipated to value the company in the “high-single digit billions,” the WSJ report said, and will likely wait until next year.
The reason? A shaky IPO market. Recent months have seen a number of high profile companies go public only to end up trading below their...
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