Waystar falls after secondary offering announced

Waystar Holding

13/05/2025 14:12

** Healthcare payments software provider Waystar's WAY.O shares fall 5.3% to $38.16 before the bell

** WAY announces proposed public offering of 12.5 million shares being offered by top shareholders EQT AB, Bain Capital, and Canada Pension Plan Investment Board

** Stock closed up 0.7% at $40.30 on Monday

** J.P. Morgan, Goldman Sachs and Barclays are the underwriters for the secondary offering

** WAY went public in New York last year after 45 million share IPO was priced at $21, one of the largest deals of 2024

** All 12 brokerages covering the stock rate "buy" or higher; median PT $49.50 - data compiled by LSEG

** As of last close, WAY stock up 9.8% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))