Waystar Holding (WAY) said late Thursday that it priced its underwritten public offering of 20 million shares, sold by investment funds of EQT AB, Bain Capital, and Canada Pension Plan Investment Board at $40 per share.
The company said the selling stockholders also gave underwriters a 30-day option to buy up to 3 million additional shares.
Waystar will not receive any proceeds from this sale, and the offering is expected to close around Feb. 24.
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