mapo Waystar Holding ( NASDAQ: WAY ) shares were down 3% Friday afternoon following the healthcare payments software provider’s $968M initial public offering. The Utah-based company offered 45M shares priced at $21.50 per share, raising around $968M.
Underwriters were granted a 30-day option to buy up to 6.75M additional shares to cover any over-allotments. J.
P. Morgan, Goldman Sachs and Barclays are serving as joint lead bookrunning managers on the deal. William Blair, Evercore ISI, BofA Securities, RBC Capital Markets and Deutsche Bank Securities are acting as joint bookrunners, with Canaccord Genuity and Raymond James serving as co-managers.
Waystar first filed for the IPO in October 2023. More on Waystar Holding Corp. Waystar prices IPO at $21.
50 a share, the midpoint of the range Waystar considers pricing IPO around mid-range - reports Financial information for Waystar Holding Corp..