CNBC June 7, 2024
Ashley Capoot

Key Points

– Health-care payments company Waystar began trading on the Nasdaq Friday.

– The stock opened at $21 per share after the company priced its IPO at $21.50.

– For the quarter ending March 31, Waystar said it generated revenue of $224.8 million, up 18% from the same period last year.

Waystar shares slid about 3% in their Nasdaq debut on Friday, after the health-care payment software vendor priced its IPO in the middle of the expected range.

The stock opened at $21 per share, below the IPO price of $21.50 late Thursday. Waystar said its expected price would be between $20 and $23 per share in May.

The IPO market has been largely dormant since late 2021 when...

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