Waystar, a leading health-care payments software maker, has made waves in the financial world with the announcement of its successful initial public offering. The company has raised an impressive $968 million through the IPO of 45 million shares, priced at $21.50 per share.
The shares are set to begin trading on the Nasdaq on June 7 under the symbol WAY, with the offering expected to close on June 10, pending customary closing conditions. This news marks a significant milestone for Waystar as it enters the public market and opens up new opportunities for growth and expansion.
In other financial news, several stocks have been making big moves after hours. Vail Resorts saw a 5% drop in its stock price after reporting third-quarter earnings that fell short of analysts’ expectations. DocuSign also experienced a 6% decline despite reporting better-than-expected earnings and revenue for the first quarter. On the flip side, Braze, a customer engagement platform provider, surged 13% on the back of strong first-quarter results.
As the market continues to fluctuate, stock futures opened flat on Thursday evening, with minimal changes in the Dow Jones Industrial Index, S&P 500, and Nasdaq 100 futures. Investors will be keeping a close eye on these developments as they navigate the ever-changing landscape of the financial world. Stay tuned for more updates on these and other market movements.
