Today, Waystar Holding Corp. (WAY) revealed the pricing details of its initial public offering (IPO), comprising 45,000,000 shares of its common stock at a price of $21.50 per share for the public. The company also granted the underwriters a 30-day option to purchase up to an additional 6,750,000 shares of common stock at the same IPO price, minus the underwriting discount. Trading for these shares is anticipated to commence on The Nasdaq Global Select Market (“Nasdaq”) on June 7, 2024, under the ticker symbol “WAY.” The closing of the offering is anticipated to take place on June 10, 2024, subject to customary closing conditions.
The net proceeds from this offering are intended by Waystar to be utilized for the repayment of outstanding indebtedness.
J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays are serving as joint lead book-running managers for the offering and acting as representatives of the underwriters. Additionally, William Blair, Evercore ISI, BofA Securities, RBC Capital Markets, and Deutsche Bank Securities are acting as joint bookrunners, while Canaccord Genuity and Raymond James are serving as co-managers for the offering.
A registration statement on Form S-1 concerning the offering has been submitted to and declared effective by the Securities and Exchange Commission (SEC) on June 6, 2024. The registration statement is available for access on the SEC’s website at www.sec.gov. It’s important to note that this press release does not constitute an offer to sell or a solicitation of an offer to buy any securities and shall not be considered as such in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that particular state or jurisdiction. Any offers to sell, solicitations of offers to buy, or sales of securities will adhere to the registration requirements as outlined in the Securities Act of 1933, as amended.
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