Waystar falls after secondary offering announced
ReutersMay 13, 2025 1:12 PM
Healthcare payments software provider Waystar's WAY.O shares fall 5.3% to $38.16 before the bell
WAY announces proposed public offering of 12.5 million shares being offered by top shareholders EQT AB, Bain Capital, and Canada Pension Plan Investment Board
Stock closed up 0.7% at $40.30 on Monday
J.P. Morgan, Goldman Sachs and Barclays are the underwriters for the secondary offering
WAY went public in New York last year after 45 million share IPO was priced at $21, one of the largest deals of 2024
All 12 brokerages covering the stock rate "buy" or higher; median PT $49.50 - data compiled by LSEG
As of last close, WAY stock up 9.8% YTD
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