03:45 AM EDT, 06/07/2024 (MT Newswires) -- Waystar Holding Corp. (WAY) said late Thursday it priced its initial public offering of 45 million common shares at $21.50 per share.

Underwriters have been granted a 30-day option to purchase up to about 6.8 million additional shares.

Net proceeds from the offering, which is expected to close on June 10, will be used for debt repayment.

Shares of the company are expected to debut on the Nasdaq Global Select Market this Friday under the ticker, "WAY."