EQT completes public offering of common stock of Waystar Holding Corp

Whats Happening:

EQT, a private equity fund, has completed a public offering of 23 million shares of Waystar Holding Corp. The offering raised $920 million in total, with EQT selling 9.8 million shares for proceeds of $393 million. After the sale, EQT retains approximately 38.8 million shares in Waystar. The offering was managed by J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays.

Key Moves:

• EQT completes $920 million public offering of Waystar Holding Corp stock

• EQT sells 9.8 million shares, receiving $393 million in proceeds

• EQT retains approximately 38.8 million shares in Waystar after the offering

By The Numbers:

• Total offering: 23 million shares for $920 million

• EQT's share: 9.8 million shares for $393 million

• EQT's remaining stake: Approximately 38.8 million shares

Bottom Line:

EQT's successful public offering of Waystar Holding Corp stock demonstrates the fund's ability to monetize its investments while maintaining a significant stake. The $920 million raised, including $393 million for EQT, provides liquidity for the fund and potentially for Waystar's growth initiatives, while the retention of 38.8 million shares indicates EQT's continued confidence in the company's future prospects.

Read Full Article