Waystar ticks lower as top shareholders slice stake in upsized secondary offering

Waystar Holding

21/02/2025 13:03

** Shares of healthcare payments software provider Waystar
 WAY.O  down 0.8% at $40.68 premarket
    ** WAY on Thursday announced pricing of its upsized
secondary offering of 20 million shares by co's top shareholders
EQT AB  EQTAB.ST , Canada Pension Plan Investment Board and Bain
Capital
    ** Offering boosted from initially announced size of 18
million shares and priced at $40/shr, a 2.4% discount to stock's
last close
    ** J.P. Morgan, Goldman Sachs and Barclays were joint lead
book-running managers for the offering
    ** WAY stock closed down 6.5% at $41 on Thursday, giving it
a $7.1 billion market cap, according to data compiled by LSEG
    ** Co went public in June after 45 million share IPO was
priced at $21 
    ** WAY stock up 11.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))