© Reuters.
In a positive development for US equity capital markets, healthcare payments software firm, Waystar Holding Corp., has filed for an Initial Public Offering (IPO). The company’s filing with the Securities and Exchange Commission (SEC) revealed an improved financial performance in 2022, with a net loss of $44 million on revenue of $705 million. This compares favorably to the loss of $47 million on revenue of $579 million reported in 2021.
The specifics of the share sale, including its size and price range, have not been disclosed yet but are expected to be revealed in due course. Leading the offering are prominent financial institutions JPMorgan Chase & Co. (NYSE:), Goldman Sachs Group Inc (NYSE:)., and Barclays Plc.
Notable investors in the company include EQT AB (ST:), Canada Pension Plan Investment Board, and Bain Capital. These investments underscore the confidence of major market players in Waystar’s potential growth trajectory.
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