BUZZ-Waystar ticks lower as top shareholders slice stake in upsized secondary offering

Shares of healthcare payments software provider Waystar WAY.O down 0.8% at $40.68 premarket

WAY on Thursday announced pricing of its upsized secondary offering of 20 million shares by co's top shareholders EQT AB EQTAB.ST, Canada Pension Plan Investment Board and Bain Capital

Offering boosted from initially announced size of 18 million shares and priced at $40/shr, a 2.4% discount to stock's last close

J.P. Morgan, Goldman Sachs and Barclays were joint lead book-running managers for the offering

WAY stock closed down 6.5% at $41 on Thursday, giving it a $7.1 billion market cap, according to data compiled by LSEG

Co went public in June after 45 million share IPO was priced at $21

WAY stock up 11.7% YTD