An affiliate of EQT VIII announced on May 20, 2025, the completion of an underwritten public offering of approximately 14.4 million shares of Waystar Holding Corp. common stock. This total included the full exercise of the underwriters' option to purchase approximately 1.9 million additional shares.
The offering generated aggregate gross proceeds of approximately $557.0 million for all selling stockholders. As part of this transaction, EQT sold approximately 6.2 million shares, receiving gross proceeds of about $239.6 million, and now holds approximately 32.6 million Waystar shares.
Waystar Holding Corp. did not sell any shares in this offering and did not receive any proceeds from the sale of shares by EQT and the other stockholders. J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays acted as joint book-running managers for the offering.
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