Waystar Announces Launch of Secondary Offering of Common Stock
Waystar (NASDAQ: WAY), a healthcare payments software provider, has announced a secondary offering of 18 million shares of common stock. The offering is being conducted by existing shareholders including EQT AB, Bain Capital, and CPP Investments (the Selling Stockholders).
J.P. Morgan will serve as the underwriter for the offering, which will be made through a registration statement filed with the SEC. Importantly, Waystar will not receive any proceeds from this secondary offering as the company is not selling any shares directly.
Waystar (NASDAQ: WAY), fornitore di software per i pagamenti sanitari, ha annunciato un collocamento secondario di 18 milioni di azioni ordinarie. L'offerta 猫 effettuata da azionisti esistenti, tra cui EQT AB, Bain Capital e CPP Investments (gli Azionisti Venditori).
J.P. Morgan agir脿 da sottoscrittore per l'operazione, che sar脿 eseguita tramite un prospetto depositato presso la SEC. 脠 importante sottolineare che Waystar non ricever脿 proventi da questo collocamento secondario, poich茅 la societ脿 non vende azioni direttamente.
Waystar (NASDAQ: WAY), proveedor de software para pagos sanitarios, ha anunciado una colocaci贸n secundaria de 18 millones de acciones ordinarias. La oferta est谩 siendo realizada por accionistas existentes, incluidos EQT AB, Bain Capital y CPP Investments (los Accionistas Vendedores).
J.P. Morgan actuar谩 como suscriptor de la operaci贸n, que se llevar谩 a cabo mediante una declaraci贸n de registro presentada ante la SEC. Es importante se帽alar que Waystar no recibir谩 ingresos por esta colocaci贸n secundaria, ya que la compa帽铆a no est谩 vendiendo acciones directamente.
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Waystar (NASDAQ: WAY), fournisseur de logiciels de paiement pour la sant茅, a annonc茅 une offre secondaire de 18 millions d'actions ordinaires. L'offre est r茅alis茅e par des actionnaires existants, notamment EQT AB, Bain Capital et CPP Investments (les Actionnaires Vendeurs).
J.P. Morgan agira en tant que souscripteur pour l'op茅ration, qui se fera via une d茅claration d'enregistrement d茅pos茅e aupr猫s de la SEC. Il est important de noter que Waystar ne percevra aucun produit de cette offre secondaire, la soci茅t茅 ne vendant pas d'actions directement.
Waystar (NASDAQ: WAY), ein Anbieter von Software f眉r Gesundheitszahlungen, hat eine Sekund盲rplatzierung von 18 Millionen Aktien Stammaktien angek眉ndigt. Das Angebot wird von bestehenden Aktion盲ren, darunter EQT AB, Bain Capital und CPP Investments (die verkaufenden Aktion盲re), durchgef眉hrt.
J.P. Morgan wird als Underwriter fungieren; die Platzierung erfolgt 眉ber eine bei der SEC eingereichte Registrierungserkl盲rung. Wichtig ist, dass Waystar keine Erl枚se aus dieser Sekund盲rplatzierung erh盲lt, da das Unternehmen selbst keine Aktien verkauft.
- None.
- Large shareholders (EQT AB, Bain Capital, CPP Investments) are selling significant holdings, potentially indicating reduced confidence
- 18 million share offering could create selling pressure on the stock
Insights
Major stockholders selling 18M shares in secondary offering; Waystar won't receive proceeds as company isn't selling shares.
This secondary offering of 18 million shares represents a significant transaction where EQT AB, Bain Capital, and Canada Pension Plan Investment Board (the original investors) are reducing their stake in Waystar. Importantly, this is strictly a secondary offering where existing shareholders are selling - Waystar itself isn't issuing new shares and won't receive any proceeds.
The structure signals these institutional investors are likely taking profits or rebalancing portfolios after holding positions since before Waystar's public listing. J.P. Morgan as the sole underwriter suggests a streamlined distribution process to institutional investors rather than a broader syndicated offering.
For current shareholders, this transaction has several implications. First, it introduces additional supply that could create temporary price pressure. Second, it enhances market float and potentially liquidity. Third, it represents a meaningful shift in ownership structure as these major stakeholders reduce their positions.
While secondary offerings often trigger short-term price adjustments, they can ultimately benefit long-term holders by increasing trading liquidity and broadening the investor base. The fact that these sophisticated institutional investors are selling a portion of their holdings provides valuable market information, though their continued involvement suggests they're not completely exiting their positions.
The underwriter proposes to offer the shares of common stock to the public at a fixed price, which may be changed at any time without notice.听Waystar is not selling any shares and will not receive any proceeds from the sale of shares in the offering by the Selling Stockholders.听
J.P. Morgan is acting as the underwriter for the offering.
A registration statement on Form S-3 relating to these securities has been filed with the SEC and has become effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.
The offering may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus may be obtained by contacting: J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek," "foreseeable," the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. The forward-looking statements contained in this press release are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, risks and uncertainties associated with the consummation of the offering and other risks described in Waystar's Annual Report on Form 10-K for the year ended December 31, 2024 and any subsequent filings with the SEC. Except as required by law, Waystar has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.
About Waystar
Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the
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