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Waystar Holding Corp. Announces Pricing of Secondary Offering of Common Stock

Strategic Insights

— 1 min read

Waystar Holding Corp., a leading healthcare payments software provider, has announced the pricing of a secondary offering of 18,000,000 shares of common stock at $39.40 per share. The offering is led by J.P. Morgan as the underwriter and is expected to close on or about September 12, 2025. The selling stockholders, including EQT AB, Bain Capital, LP, and Canada Pension Plan Investment Board, will receive proceeds from the sale of shares. This move marks a significant development in Waystar's funding activities, further solidifying its position in the healthcare software market.

Key Takeaways:

  • Waystar Holding Corp. has announced the pricing of a secondary offering of 18,000,000 shares of common stock at $39.40 per share.
  • The offering is led by J.P. Morgan as the underwriter and is expected to close on or about September 12, 2025.
  • The selling stockholders, including EQT AB, Bain Capital, LP, and Canada Pension Plan Investment Board, will receive proceeds from the sale of shares.
  • Waystar serves approximately 30,000 clients, representing over 1 million distinct providers in the healthcare industry.
  • Waystar's enterprise-grade platform annually processes over 6 billion healthcare payment transactions, including over $1.8 trillion in annual gross claims and spanning approximately 50% of U.S. patients.

Statistics:

  • 18,000,000 shares of common stock are being offered in the secondary offering.
  • The shares are priced at $39.40 per share.
  • The offering is expected to close on or about September 12, 2025.
  • Waystar serves approximately 30,000 clients in the healthcare industry.
  • The company's platform annually processes over 6 billion healthcare payment transactions.
  • Annual gross claims processed by Waystar exceed $1.8 trillion.
  • The company's platform spans approximately 50% of U.S. patients.

Sources:

  • Waystar Press Release, September 11, [Source: Waystar]
  • J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions

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