EQT completes public offering of common stock of Waystar Holding Corp
EQT has completed an underwritten public offering of 23 million shares of Waystar Holding Corp (NASDAQ: WAY) common stock, generating total gross proceeds of USD920 million. As part of the offering, EQT sold approximately 9.8 million shares, receiving gross proceeds of about USD393 million, and now holds approximately 38.8 million shares. The remaining shares were sold by other Waystar stockholders.
The offering was managed by J.P. Morgan, Goldman Sachs & Co. , and Barclays as joint book-running managers. Notably, Waystar did not sell any shares in the offering and received no proceeds from the sale of shares by EQT and other stockholders.
EQT ha completato un'offerta pubblica sottoscritta di 23 milioni di azioni di Waystar Holding Corp (NASDAQ: WAY), generando proventi lordi totali di USD920 milioni. Come parte dell'offerta, EQT ha venduto circa 9,8 milioni di azioni, ricevendo proventi lordi di circa USD393 milioni, e ora detiene circa 38,8 milioni di azioni. Le azioni rimanenti sono state vendute da altri azionisti di Waystar.
L'offerta è stata gestita da J.P. Morgan, Goldman Sachs & Co. e Barclays in qualità di co-manager principali. È importante notare che Waystar non ha venduto alcuna azione nell'offerta e non ha ricevuto proventi dalla vendita di azioni da parte di EQT e di altri azionisti.
EQT ha completado una oferta pública suscrita de 23 millones de acciones de Waystar Holding Corp (NASDAQ: WAY), generando ingresos brutos totales de USD920 millones. Como parte de la oferta, EQT vendió aproximadamente 9.8 millones de acciones, recibiendo ingresos brutos de alrededor de USD393 millones, y ahora posee aproximadamente 38.8 millones de acciones. Las acciones restantes fueron vendidas por otros accionistas de Waystar.
La oferta fue gestionada por J.P. Morgan, Goldman Sachs & Co. y Barclays como co-gestores principales. Cabe destacar que Waystar no vendió ninguna acción en la oferta y no recibió ingresos de la venta de acciones por parte de EQT y otros accionistas.
EQT는 Waystar Holding Corp (NASDAQ: WAY)의 2300만 주에 대한 공모를 완료하여 총 USD920 백만의 총 수익을 창출했습니다. 이번 공모의 일환으로 EQT는 약 980만 주를 판매하여 약 USD393 백만의 수익을 얻었으며, 현재 약 3880만 주를 보유하고 있습니다. 나머지 주식은 다른 Waystar 주주들에 의해 판매되었습니다.
이번 공모는 J.P. Morgan, Goldman Sachs & Co. 및 Barclays가 공동 주관사로 관리했습니다. 특히, Waystar는 이번 공모에서 주식을 판매하지 않았으며 EQT 및 다른 주주들로부터의 주식 판매로부터 어떤 수익도 받지 않았습니다.
EQT a finalisé une offre publique souscrite de 23 millions d'actions de Waystar Holding Corp (NASDAQ: WAY), générant des produits bruts totaux de USD920 millions. Dans le cadre de l'offre, EQT a vendu environ 9,8 millions d'actions, recevant des produits bruts d'environ USD393 millions, et détient maintenant environ 38,8 millions d'actions. Les actions restantes ont été vendues par d'autres actionnaires de Waystar.
L'offre a été gérée par J.P. Morgan, Goldman Sachs & Co. et Barclays en tant que co-managers principaux. Il est à noter que Waystar n'a vendu aucune action dans le cadre de l'offre et n'a reçu aucun produit de la vente d'actions par EQT et d'autres actionnaires.
EQT hat ein unterzeichnetes öffentliches Angebot von 23 Millionen Aktien der Waystar Holding Corp (NASDAQ: WAY) abgeschlossen, das Gesamterlöse von USD920 Millionen generiert hat. Im Rahmen des Angebots hat EQT etwa 9,8 Millionen Aktien verkauft und dabei Bruttoerlöse von etwa USD393 Millionen erzielt, und hält nun etwa 38,8 Millionen Aktien. Die verbleibenden Aktien wurden von anderen Waystar-Aktionären verkauft.
Das Angebot wurde von J.P. Morgan, Goldman Sachs & Co. und Barclays als gemeinsame Buchführer verwaltet. Bemerkenswert ist, dass Waystar im Angebot keine Aktien verkauft hat und keine Erlöse aus dem Verkauf von Aktien durch EQT und andere Aktionäre erhalten hat.
- None.
- Large secondary offering of 23M shares could create selling pressure
- Company received no proceeds from the offering
- Significant insider selling by major shareholder EQT
Insights
The completion of this USD920 million secondary offering represents a significant development for Waystar Holding Corp's ownership structure and trading dynamics. The transaction price implies approximately USD40 per share, suggesting a modest discount to current market prices - a typical feature of large block sales designed to ensure successful placement.
EQT's decision to sell 9.8 million shares while retaining 38.8 million shares indicates a calculated portfolio rebalancing rather than a complete exit. This measured approach maintains EQT's position as a major stakeholder while providing liquidity for their investment returns. The remaining stake suggests continued confidence in Waystar's long-term prospects.
Several key implications emerge from this transaction:
- The successful placement of such a large block (approximately 13.5% of shares outstanding) demonstrates strong institutional investor interest in Waystar
- The involvement of premier investment banks as joint book-runners indicates high-quality institutional placement
- EQT's substantial remaining position (approximately 22.8% of shares outstanding) should provide stability and continued strategic influence
For current shareholders, while secondary offerings typically create temporary price pressure due to increased supply, the clean execution and strong institutional backing suggest the market should efficiently absorb this volume. The transaction also increases the company's free float and trading liquidity, potentially attracting new institutional investors who previously faced position size constraints.
- The offering resulted in aggregate gross proceeds of
USD920 million , of which EQT received c.USD393 million
Contact
EQT Press Office, press@eqtpartners.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Press Release, EQT VIII, Waystar, 24022025 |
View original content:https://www.prnewswire.com/news-releases/eqt-completes-public-offering-of-common-stock-of-waystar-holding-corp-302383893.html
SOURCE EQT
FAQ
How many shares were sold in the Waystar (WAY) February 2025 public offering?
How much did EQT receive from selling Waystar (WAY) shares in February 2025?
How many Waystar (WAY) shares does EQT still hold after the February 2025 offering?
Did Waystar (WAY) receive any proceeds from the February 2025 stock offering?
