1. Waystar conducted a public offering of 14.4 million shares. 2. EQT sold 6.2 million shares, amassing $239.6 million. 3. The offering's total gross proceeds were approximately $557 million. 4. J.P. Morgan, Goldman Sachs, and Barclays managed the offering. 5. Waystar did not receive any proceeds from this sale.
The offering mainly involved existing stockholders selling shares, not new capital influx. This can stabilize or dilute shares but does not significantly shift market perception.
The stock sale could influence trading activities but does not affect company fundamentals.
While immediate pressures may exist, the long-term impact can stabilize as shares adjust in pricing.
NEW YORK, May 20, 2025 /PRNewswire/ -- An affiliate of the fund known as EQT VIII ("EQT") is pleased to announce the completion of an underwritten public offering (the "Offering") of c. 14.4 million shares of common stock of Waystar Holding Corp. (NASDAQ: WAY) (the "Company") ("Shares"), which included the full exercise of the underwriters' option to purchase c. 1.9 million additional shares of common stock, for aggregate gross proceeds of c. USD557.0 million to all the selling stockholders. As part of the Offering, EQT sold c. 6.2 million Shares (and now holds c. 32.6 million Shares) and received gross proceeds of c. USD239.6 million. The remaining Shares sold in the Offering were sold by other stockholders of the Company. J.P. Morgan, Goldman Sachs & Co. LLC and Barclays acted as joint book-running managers of the Offering, which was completed with respect to the base Shares on May 16, 2025 and with respect to the additional Shares on May 20, 2025, and as representatives of the several underwriters. The Company did not sell any Shares in the Offering and did not receive any proceeds from the sale of the Shares sold by EQT and the other stockholders.
EQT Press Office, press@eqt.com
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