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Waystar shares slip in Nasdaq debut after digital health company priced IPO in middle of range - TL;DR CNBC

Waystar shares slip in Nasdaq debut after digital health company priced IPO in middle of range

Publishing timestamp: 2024-06-07 16:31:53


Summary

Health-care payments company Waystar began trading on Nasdaq, with shares sliding about 3% in their debut. The company priced its IPO at $21.50 per share, but opened at $21. Waystar reported revenue of $224.8 million for the quarter ending March 31, up 18% from the same period last year. The IPO market has been quiet since late 2021, but some technology companies, including Waystar, are beginning to go public.


Sentiment: NEUTRAL

Tickers: WAYRBRKJPMGSBCSALABBARC-GBRDDT

Keywords: breaking news: technologyenterprisereddit incmediabarclays plcbusiness newsbreaking news: businessastera labs incrubrik incinternetgoldman sachs group inctechnologyjpmorgan drnhealth care industry

Source: https://www.cnbc.com/2024/06/07/waystar-shares-slip-in-debut-after-pricing-ipo-in-middle-of-range-.html


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