Waystar Holding IPO Shares Open For Trade $21/Share; IPO Priced At $21.50 On 45M Shares
Portfolio Pulse from Benzinga Newsdesk
Waystar Holding's IPO shares opened for trade at $21 per share, slightly below the IPO price of $21.50 on 45 million shares.
June 07, 2024 | 5:42 pm
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NEGATIVE IMPACT
Waystar Holding's IPO shares opened at $21, which is slightly below the IPO price of $21.50. This could indicate a lukewarm initial market reception.
The fact that Waystar Holding's shares opened below the IPO price suggests that initial demand may not be as strong as anticipated, which could put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100