- EQT completed a public offering of Waystar Holding Corp. (WAY, Financial) stock, totaling $557 million in gross proceeds.
- EQT sold approximately 6.2 million shares, raising $239.6 million, and retained 32.6 million shares post-offering.
- The offering saw strong demand with underwriters exercising their option for an additional 1.9 million shares.
EQT has successfully finalized a public offering of Waystar Holding Corp. (WAY) common stock, generating total gross proceeds of $557 million. The offering comprised approximately 14.4 million shares, with the underwriters fully exercising their option to purchase an additional 1.9 million shares, highlighting strong investor interest.
Through this transaction, EQT sold about 6.2 million shares, receiving $239.6 million in gross proceeds. Consequently, EQT now retains approximately 32.6 million shares of Waystar, emphasizing its continued confidence in the company's growth potential. Other stockholders also participated in the sale, contributing to the overall sum.
J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays served as joint book-running managers for the transaction, further underscoring the high-profile nature of the offering. Notably, Waystar did not sell any shares or receive proceeds from this transaction, ensuring no dilution to existing shareholders as the shares sold were from existing stakeholders such as EQT.
