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: WAY, RBRK, JPM, GS, BCS, ALAB, BARC-GB, RDDT,
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