Waystar Announces Proposed Public Offering of Common Stock

Company Overview - Waystar Holding Corp. is a provider of healthcare payment software, aiming to simplify healthcare payments for providers to enhance patient care and financial performance [6] - The company serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of the top 20 institutions on the U.S. News Best Hospitals Honor Roll [6] - Waystar's platform processes over 6 billion healthcare payment transactions annually, amounting to over $1.8 trillion in gross claims, covering around 50% of U.S. patients [6] Proposed Offering - Waystar announced a proposed underwritten public offering of 18,000,000 shares of its common stock by certain investment funds, including EQT AB, Canada Pension Plan Investment Board, and Bain Capital, LP [1] - The Selling Stockholders plan to grant underwriters a 30-day option to purchase up to an additional 2,700,000 shares [1] - Waystar will not receive any proceeds from the sale of shares in this offering [1] Underwriting Details - The offering is being managed by an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays, acting as joint lead book-running managers [2] - A registration statement on Form S-1 has been filed with the SEC, but it has not yet become effective, meaning the securities cannot be sold or offered until then [3]