CNBC June 7, 2024
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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