Waystar Holding Corp. announced a public offering of 20 million shares of common stock at $40.00 per share, facilitated by investment funds from EQT AB, Bain Capital, and CPP Investments. The underwriters have a 30-day option to purchase an additional 3 million shares. The offering, led by J.P. Morgan, Goldman Sachs, and Barclays, is expected to close around February 24, 2025. Waystar will not receive any proceeds from the sale. The offering is subject to customary closing conditions and is registered with the SEC. Waystar’s software handles over $1.8 trillion in annual healthcare claims, serving around 30,000 clients.