By Dominic Chopping
STOCKHOLM--Swedish buyout group EQT sold around 9.8 million shares in healthcare-payments company Waystar as part of a broader public offering of shares in the company.
Waystar announced last week that investors including EQT, Bain Capital, and Canada Pension Plan Investment Board would sell 20 million shares in the company through an underwritten public offering at $40 a share, while the underwriters had an option buy up to 3 million additional shares from the sellers.
EQT announced late Monday the completion of the public offering of 23 million shares in Waystar for aggregate gross proceeds of $920 million.
EQT received gross proceeds of around $393 million and now holds around 38.8 million Waystar shares.
Waystar didn't sell any shares in the offering and didn't receive any proceeds from the sale.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
February 25, 2025 02:24 ET (07:24 GMT)
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