Simpson Thacher represented Waystar Holding Corp. (“Waystar”) in connection with its initial public offering of common stock at a price to the public of $21.50 per share. A total of 45,000,000 shares of common stock were sold in the offering raising approximately $909.1 million in gross proceeds. Shares of Waystar Holding Corp. are now listed on The Nasdaq Global Select Market under the ticker symbol “WAY.”
Waystar’s mission is to simplify healthcare payments through its modern cloud-based software, enabling its healthcare clients to prioritize patient care and optimize their financial performance.
The Simpson Thacher team included Bill Brentani, Hui Lin, Jonathan Kachiu, Joann Kim and Sarika Pandrangi (Capital Markets); Tristan Brown, David Rubinsky, Ryan Stott and Matias Botto (Executive Compensation and Employee Benefits); Jonathan Goldstein, Michael Mann and Mohanad Salaimi (Tax); Michael T. Holick, Mark Myott and Harry Marples (Corporate); Corina Holland (IP and Data Privacy); Vanessa Burrows and Jacob Madden (Healthcare Regulatory); Jennifer Nadborny and Bettina Elstroth (Public Company Advisory Practice); Abram Ellis, Spencer Sloan and Ryan Stalnaker (Regulatory); and Jennie Getsin (FINRA). Associate Britta Vlastelicia also provided valuable assistance.