Latham & Watkins Advises on Waystar’s Public Offering

Waystar Holding Corp. (Nasdaq: WAY) (Waystar), a provider of leading healthcare payments software, has announced the pricing of its underwritten public offering of 20,000,000 shares of its common stock by certain investment funds of EQT AB and Bain Capital, LP, and Canada Pension Plan Investment Board (CPP Investments), and their respective affiliates (collectively, the Selling Stockholders) at a price to the public of US$40.00 per share.  Additionally, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 3,000,000 additional shares of common stock. Waystar is not selling any shares and will not receive any proceeds from the sale of shares in the offering by the Selling Stockholders. The offering is expected to close on or about February 24, 2025, subject to customary closing conditions.

Latham & Watkins LLP advised the underwriters in the offering with a capital markets team led by Washington, D.C./New York partner Jason Licht and Washington, D.C. partner Christopher Clark, with associates Gabrielle Blum and Lis Ryan.