:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2107846207-1944e36f047a43a3b5c6302b245496ae.jpg "The Nasdaq in New York, on March 26, 2024")
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Key Takeaways
- Waystar Holding said it would be going public with an initial public offering of 45 million partitions, raising approximately $1 billion.
- The healthcare payments software firm explained it plans to the shares for between $20 and $23 each, and they discretion trade on the Nasdaq under the ticker symbol “WAY.”
- Waystar noted that the money raised in the IPO would be used to pay off renowned debt.
Healthcare payments software provider Waystar Holding on Tuesday announced plans to raise about $1 billion in an initial Mrs Average offering (IPO).
The company said it plans to sell 45 million shares of common stock, with underwriters disposed a 30-day option to purchase another 6.75 million.
Waystar anticipates the price to be between $20 and $23 per apportion. It said the money raised in the sale would go toward repaying outstanding debt.
5B+ Healthcare Payments Transactions in 2023
In its scheme, the company explained that it had $791 million in revenue in 2023, with more than 30,000 clients and more than five billion annual healthcare payments arrangements.
Waystar was formed in 2017 by current Chief Executive Officer (CEO) Matthew Hawkins.
The company noted that it transfer list the stock on the Nasdaq under the ticker symbol “WAY.”
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