Waystar Holding Launches Its IPO Of 45M Shares Of Its Common Stock At Estimated Price Between $20.00 And $23.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Waystar Holding has launched its IPO, offering 45 million shares of common stock at an estimated price between $20.00 and $23.00 per share. The company has applied to list its shares on The Nasdaq Global Select Market under the symbol 'WAY' and plans to use the net proceeds to repay outstanding indebtedness.
May 28, 2024 | 10:49 am
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Waystar Holding has launched its IPO, offering 45 million shares at an estimated price between $20.00 and $23.00 per share. The company will list on Nasdaq under the symbol 'WAY' and use the proceeds to repay debt.
The IPO launch and listing on Nasdaq are significant events that typically generate investor interest and can positively impact the stock price in the short term. The use of proceeds to repay debt is also a positive financial move.
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