Waystar

Canaccord Genuity Acts as Co-Manager to Waystar on its US$968 Million Initial Public Offering

Canaccord Genuity is pleased to announce it has acted as Co-Manager to Waystar Holding Corp. (“Waystar”), (NASDAQ: WAY), a leading cloud-based software platform empowering healthcare organizations of all types and sizes with revenue cycle solutions to achieve increased performance, operational efficiency, cost reduction, and strategic growth, on the pricing of its initial public offering of 45,000,000 shares of its common stock at an initial public offering price of $21.50 per share. 

Waystar granted the underwriters in the offering a 30-day option to purchase up to an additional 6,750,000 shares of common stock at the initial public offering price, less the underwriting discount. Waystar intends to use the net proceeds from the offering to repay outstanding indebtedness. The shares began trading on The Nasdaq Global Select Market (“Nasdaq”) on June 7, 2024, under the symbol “WAY.” The offering closed on June 10, 2024.

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 18 of 22 institutions on the U.S. News Best Hospitals list. Waystar’s enterprise-grade platform annually processes over 5 billion healthcare payment transactions, including over $1.2 trillion in annual gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities.