Waystar Holding Corp. (WAY) today announced the pricing of its initial public offering of 45,000,000 shares of its common stock at a price to the public $21.50 per share. Waystar has granted the underwriters of the offering a 30-day option to purchase up to an additional 6,750,000 shares of common stock at the initial public offering price less the underwriting discount. The shares are expected to begin trading on the Nasdaq Global Select Market (“Nasdaq”). June 7, 2024, under the “PATH” symbol. Offering expected to complete June 10, 2024subject to customary closing conditions.
Waystar intends to use the net proceeds from the offering to repay its outstanding indebtedness.
J.P. Morgan Goldman Sachs & Co. LLCand Barclays are acting as joint lead managers of the offering and representatives of the underwriters of the offering. William Blair, Evercore ISI, Securities Bank, RBC Capital MarketsAnd Deutsche Bank Securities act as joint bookrunners of the placement. Canaccord Genius and Raymond James act as co-managers of the proposal.
A registration statement on Form S-1 relating to the offering has been filed and declared effective. Security and Exchange Commission (“SEC“) on June 6, 2024. Copies of the registration application can be obtained through SEC website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Any offer, solicitation or solicitation to purchase or any sale of securities will be subject to the registration requirements of the Securities Act of 1933, as amended.
The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from: JP Morgan Securities LLCc/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email: [email protected] And [email protected]; Goldman Sachs & Co. LLCAttention: Prospectus Department, 200 West Street, New York, New York 10282, by phone at (866) 471-2526 or by email: [email protected]; or Barclays Capital Inc.c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone at (888) 603-5847 or by email: [email protected].
