Waystar Announces Pricing of Public Offering of Common Stock
Waystar Holding Corp. (Nasdaq: WAY) has announced the pricing of a public offering where certain stockholders, including EQT AB, Bain Capital, and CPP Investments, will sell 12.5 million shares at $38.75 per share. The Selling Stockholders have also granted underwriters a 30-day option to purchase up to 1.875 million additional shares.
The offering, expected to close around May 16, 2025, is being led by J.P. Morgan, Goldman Sachs, and Barclays as joint lead book-running managers. Notably, Waystar itself is not selling any shares and will not receive any proceeds from this offering.
Waystar Holding Corp. (Nasdaq: WAY) ha annunciato il prezzo di un'offerta pubblica in cui alcuni azionisti, tra cui EQT AB, Bain Capital e CPP Investments, venderanno 12,5 milioni di azioni a 38,75 dollari per azione. Gli azionisti venditori hanno inoltre concesso agli underwriter un'opzione di 30 giorni per acquistare fino a 1,875 milioni di azioni aggiuntive.
L'offerta, che dovrebbe concludersi intorno al 16 maggio 2025, è guidata da J.P. Morgan, Goldman Sachs e Barclays come co-responsabili principali della gestione del libro ordini. È importante sottolineare che Waystar stessa non venderà azioni e non riceverà alcun ricavo da questa offerta.
Waystar Holding Corp. (Nasdaq: WAY) ha anunciado el precio de una oferta pública en la que ciertos accionistas, incluidos EQT AB, Bain Capital y CPP Investments, venderán 12.5 millones de acciones a 38.75 dólares por acción. Los accionistas vendedores también han otorgado a los suscriptores una opción de 30 días para comprar hasta 1.875 millones de acciones adicionales.
La oferta, que se espera cierre alrededor del 16 de mayo de 2025, está liderada por J.P. Morgan, Goldman Sachs y Barclays como gestores principales conjuntos. Cabe destacar que Waystar no venderá acciones y no recibirá ingresos de esta oferta.
Waystar Holding Corp. (Nasdaq: WAY)는 EQT AB, Bain Capital, CPP Investments를 포함한 일부 주주들이 주당 38.75달러에 1,250만 주를 매각하는 공모가를 발표했습니다. 매도 주주들은 또한 인수인에게 30일 동안 최대 187.5만 주를 추가로 매입할 수 있는 옵션을 부여했습니다.
이번 공모는 2025년 5월 16일경 마감될 예정이며, J.P. Morgan, Goldman Sachs, Barclays가 공동 대표 주간사로서 주도하고 있습니다. 특히 Waystar 자체는 주식을 매각하지 않으며, 이번 공모로부터 어떠한 수익도 얻지 않습니다.
Waystar Holding Corp. (Nasdaq : WAY) a annoncé le prix d'une offre publique où certains actionnaires, dont EQT AB, Bain Capital et CPP Investments, vendront 12,5 millions d'actions à 38,75 $ par action. Les actionnaires vendeurs ont également accordé aux souscripteurs une option de 30 jours pour acheter jusqu'à 1,875 million d'actions supplémentaires.
L'offre, dont la clôture est prévue aux alentours du 16 mai 2025, est dirigée par J.P. Morgan, Goldman Sachs et Barclays en tant que chefs de file conjoints. Il est à noter que Waystar lui-même ne vendra aucune action et ne recevra aucun produit de cette offre.
Waystar Holding Corp. (Nasdaq: WAY) hat die Preisfestsetzung eines öffentlichen Angebots bekannt gegeben, bei dem bestimmte Aktionäre, darunter EQT AB, Bain Capital und CPP Investments, 12,5 Millionen Aktien zu 38,75 USD pro Aktie verkaufen werden. Die verkaufenden Aktionäre haben den Underwritern außerdem eine 30-tägige Option eingeräumt, bis zu 1,875 Millionen zusätzliche Aktien zu kaufen.
Das Angebot, das voraussichtlich um den 16. Mai 2025 abgeschlossen wird, wird von J.P. Morgan, Goldman Sachs und Barclays als gemeinsame leitende Bookrunner geführt. Bemerkenswert ist, dass Waystar selbst keine Aktien verkauft und keine Erlöse aus diesem Angebot erhält.
- None.
- Large shareholders (EQT AB, Bain Capital, CPP Investments) are selling significant holdings, potentially indicating reduced confidence
- 12.5 million shares being sold with potential for additional 1.875 million shares could create selling pressure
- No proceeds will benefit the company as this is a secondary offering by existing shareholders
Insights
Major Waystar shareholders are selling 12.5M shares at $38.75, potentially reducing their ownership stake by approximately $484.4M.
This secondary offering represents a significant liquidity event for Waystar's private equity backers. EQT AB, Bain Capital, and Canada Pension Plan Investment Board are collectively selling 12,500,000 shares at
The total transaction value amounts to approximately
Importantly, this is exclusively a secondary offering - Waystar itself is not issuing new shares and will receive no proceeds from the sale. This type of transaction typically signals confidence from investment banks (with major firms like J.P. Morgan, Goldman Sachs, and Barclays leading), but can sometimes create temporary selling pressure as the market absorbs the additional supply.
For context, secondary offerings by private equity backers typically occur in waves as they gradually reduce positions following an IPO. The fact that three major institutional holders are selling simultaneously could indicate they've reached a predetermined exit timeline or valuation target for their investment in this healthcare payments software provider.
The offering is expected to close around May 16, 2025, and has been registered with the SEC, indicating all regulatory requirements have been properly addressed.
The offering is being made through an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays, who are acting as joint lead book-running managers and as representatives of the underwriters for the offering. William Blair, Evercore ISI, BofA Securities, RBC Capital Markets, Jefferies and Deutsche Bank Securities are acting as joint bookrunners for the offering. Canaccord Genuity and Raymond James are acting as co-managers for the offering.
A registration statement on Form S-1, including a prospectus, relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities 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 any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
The offering may be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek," "foreseeable," the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. The forward-looking statements contained in this press release are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, risks and uncertainties associated with the consummation of the offering and other risks described in Waystar's registration statement on Form S-1, as it may be amended from time to time, and its Annual Report on Form 10-K for the year ended December 31, 2024 and any subsequent filings with the SEC. Except as required by law, Waystar has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.
About Waystar
Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the
Media Contact
Kristin Lee
kristin.lee@waystar.com
Investor Contact
Sandy Draper
investors@waystar.com
502-238-9511
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SOURCE Waystar
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