Reported 6 months ago
Waystar, a healthcare software firm, has raised $968 million in its IPO by pricing 45 million shares at $21.50 each, giving the company a fully diluted valuation of $3.69 billion. The IPO was in line with sources' earlier reported pricing and indicates a strong IPO market, with more than $15 billion raised via IPOs by U.S. exchanges this year. Waystar, formed in 2017 through a merger, experienced growth under the ownership of buyout firm EQT, CPPIB, and Bain Capital, expanding its services to 1 million healthcare providers and handling over 2.5 billion transactions annually.
Source: YAHOO