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Latham & Watkins Advises on Waystar’s US$968 Million IPO

June 7, 2024
Interdisciplinary team represents the underwriters in the offering by the healthcare payment software company.

Waystar Holding Corp., a healthcare payment software company, has announced the pricing of its initial public offering of 45,000,000 shares of its common stock at a price to the public of US$21.50 per share. Waystar granted the underwriters in the offering a 30-day option to purchase up to an additional 6,750,000 shares of common stock at the initial public offering price, less the underwriting discount. The shares are expected to begin trading on The Nasdaq Global Select Market on June 7, 2024, under the symbol “WAY.” The offering is expected to close on June 10, 2024, subject to customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by partners Jason Licht and Christopher Clark, with associates Gabrielle Blum, Kaan Ulgen, and Caroline Toman Lammon. Advice was also provided on benefits matters by partner David Della Rocca, with associate Victoria Wolfe; on tax matters by partner Andrea Ramezan-Jackson, with associate Nolon Blaylock; on data privacy matters by partner Robert Blamires, with associate Kathryn Parsons-Reponte; on intellectual property matters by counsel Kieran Dickinson; and on regulatory matters by partner Gail Neely.