Healthcare payments software provider Waystar Holding on Tuesday announced plans to raise about $1 billion in an initial public offering (IPO).

The company said it plans to sell 45 million shares of common stock, with underwriters given a 30-day option to purchase another 6.75 million.

Waysꦜtar anticipates the price to be between $20 and $23 per share. It said the money raised in the sale would go toward repaying outstanding debt.

5B+ Healthcare Payments Transactions in 2023

In its prospectus, the company explained that it had $791 million in revenue in 2023, with more than 30,000 clients and more than five billion annual healthcare payments transactions.

Waystar was formed in 2017 by current 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Matthew Hawkins.

The company noted that it will list the stock on the Nasdaq under the ticker symbol “WAY.”