Waystar Holding Reports Pricing Of IPO Of 45M Shares Of Its Common Stock At $21.50 Per Share; To Begin Trading On Nasdaq Under Symbol 'WAY'
Portfolio Pulse from Benzinga Newsdesk
Waystar Holding has announced the pricing of its IPO, offering 45 million shares at $21.50 per share. The shares will begin trading on the Nasdaq under the symbol 'WAY' on June 7, 2024. The proceeds will be used to repay outstanding debt.
June 06, 2024 | 9:37 pm
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Waystar Holding has priced its IPO at $21.50 per share for 45 million shares, with trading set to begin on June 7, 2024, on the Nasdaq under the symbol 'WAY'. The proceeds will be used to repay outstanding debt.
The IPO pricing and the start of trading on Nasdaq are significant events that typically generate investor interest and can lead to an initial increase in stock price. The use of proceeds to repay debt is a positive financial move, potentially improving the company's balance sheet.
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