EQT completes public offering of common stock of Waystar Holding Corp.

Rhea-AI Summary

EQT has completed a significant public offering of Waystar Holding Corp. (NASDAQ: WAY) common stock. The offering involved approximately 18.0 million shares, generating total proceeds of $705.8 million for all selling stockholders. EQT sold about 7.8 million shares for proceeds of $304.5 million, retaining approximately 24.9 million shares after the transaction.

The offering, underwritten by J.P. Morgan Securities LLC, was completed on September 12, 2025. Notably, Waystar Holding Corp. did not sell any shares in this offering and received no proceeds from the transaction.

Positive

• EQT maintains significant ownership with 24.9 million shares retained
• Successful completion of large offering worth $705.8 million indicating strong market demand

Negative

• Potential downward pressure on stock price due to large share sale
• Significant insider selling could signal reduced confidence in future growth

News Market Reaction

+1.74%

1 alert

+1.74% News Effect

On the day this news was published, WAY gained 1.74%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

• The offering resulted in aggregate proceeds of c. USD $705.8 million, of which EQT received c. USD 304.5 million

NEW YORK, Sept. 12, 2025 /PRNewswire/ -- An affiliate of the fund known as EQT VIII ("EQT") is pleased to announce the completion of an underwritten public offering (the "Offering") of c. 18.0 million shares of common stock of Waystar Holding Corp. (NASDAQ: WAY) (the "Company") ("Shares"), for aggregate proceeds of c. USD 705.8 million to all the selling stockholders.  As part of the Offering, EQT sold c. 7.8 million Shares (and now holds c. 24.9 million Shares) and received proceeds of c. USD 304.5 million. The remaining Shares sold in the Offering were sold by other stockholders of the Company. J.P. Morgan Securities LLC acted as underwriter of the Offering, which was completed on September 12, 2025. The Company did not sell any Shares in the Offering and did not receive any proceeds from the sale of the Shares sold by EQT and the other stockholders.

Contact

EQT Press Office, press@eqtpartners.com 

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https://news.cision.com/eqt/r/eqt-completes-public-offering-of-common-stock-of-waystar-holding-corp-,c4233996

The following files are available for download:

https://mb.cision.com/Main/87/4233996/3666139.pdf

Press Release, EQT VIII, Waystar, 120925

View original content:https://www.prnewswire.com/news-releases/eqt-completes-public-offering-of-common-stock-of-waystar-holding-corp-302555528.html

SOURCE EQT

FAQ

How many shares did EQT sell in the Waystar (WAY) public offering?

EQT sold approximately 7.8 million shares of Waystar Holding Corp., receiving proceeds of about $304.5 million.

What was the total size of the Waystar (WAY) public offering in September 2025?

The total offering consisted of approximately 18.0 million shares, generating aggregate proceeds of about $705.8 million for all selling stockholders.

How many Waystar (WAY) shares does EQT still own after the offering?

After the offering, EQT retained approximately 24.9 million shares of Waystar Holding Corp.

Did Waystar Holding Corp. (WAY) receive any proceeds from this offering?

No, Waystar Holding Corp. did not sell any shares in the offering and did not receive any proceeds from the sale of shares by EQT and other stockholders.

Who was the underwriter for the Waystar (WAY) public offering?

J.P. Morgan Securities LLC acted as the underwriter for the offering.