Waystar Launches $1 Billion IPO Amid Market Rebound

Healthcare payments software provider Waystar aims for up to $3.83 billion valuation with Nasdaq listing.

Waystar plans to offer 45 million shares priced between $20 and $23 each.
Proceeds from the IPO will be used to repay outstanding debt.
Cornerstone investors include Neuberger Berman and Qatar Investment Authority.
Waystar's IPO is among the largest of the year, signaling improving market conditions.
The company reported $791 million in revenue for 2023 with over 30,000 clients.