Software firm Waystar eyes US$8bil valuation for IPO

The IPO could come later this year or early next year, subject to market conditions, sources said. — Reuters

NEW YORK: Waystar Inc, a private equity-owned vendor of software that helps hospitals and doctors’ practices manage their finances, has tapped banks for an initial public offering (IPO) that could value it at as much as US$8bil, including debt, according to people familiar with the matter.

Waystar’s owners, buyout firm EQT AB and Canada Pension Plan Investment Board (CPPIB), have hired Goldman Sachs Group Inc and JPMorgan Chase & Co to advise on the listing, the sources said.