Waystar Holding (WAY) said Tuesday it has launched an underwritten public offering of about 12.5 million of its common shares on behalf of EQT AB, Bain Capital, and Canada Pension Plan Investment Board.
The selling shareholders plan to offer a 30-day option to the underwriters to buy up to about 1.9 million additional common shares, the company said.
Waystar also said it will not receive any sale proceeds.
The company's shares were down 3.9% in recent Tuesday trading.
Price: 38.80, Change: -1.50, Percent Change: -3.72
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