Reported 4 months ago
Healthcare payments software maker Waystar Holding Corp., backed by EQT AB and Canada Pension Plan Investment Board, is aiming to raise up to $1.04 billion in an initial public offering (IPO), offering 45 million shares at $20 to $23 each. Waystar's investors also include Bain Capital and Francisco Partners. The company reported a net loss of $51.3 million on revenue of $791 million in 2023. The IPO is being led by JPMorgan Chase & Co., Goldman Sachs Group Inc., and Barclays Plc, with plans for shares to trade on the Nasdaq Global Select Market under the symbol WAY, potentially valuing the company at about $3.98 billion. Neuberger Berman and the Qatar Investment Authority have shown interest in buying up to $225 million in shares. So far this year, over $17 billion has been raised through IPOs on US exchanges, compared to about $10.5 billion at the same point last year.
Source: YAHOO