ipopba/iStock via Getty Images Health-care payments software maker Waystar Holding ( WAY ) is evaluating pricing its initial public offering near the midpoint of its marketed range. The IPO for Waystar ( WAY ) is garnering about 10x as many orders as there are shares available, according to Bloomberg report on Thursday , which cited people familiar with the matter. Reuters earlier reported the potential midpoint pricing.
Waystar ( WAY ) last Tuesday said it will launch its IPO of 45M shares of its common stock at an estimated IPO price of between $20 and $23 apiece. At the middle of the range, a Waystar ( WAY ) IPO would raise about $968 million and it would be the biggest IPO by a U.S.
company this year, according to Reuters. Waystar would have a market cap of about $3.6 billion.
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