Healthcare software firm Waystar raises $968 mln million in IPO
Written by Emily J. Thompson, Senior Investment Analyst
Source: reuters
- Waystar IPO: Waystar, a software provider for healthcare financial management, raised $968 million in its IPO, priced at $21.50 per share, giving it a valuation of $3.69 billion.
- Market Conditions: Despite some IPO setbacks like Novelis, the market for new listings remains open, with companies raising over $15 billion through IPOs on U.S. exchanges this year.
- Ownership and History: Waystar's major shareholders are EQT, CPPIB, and Bain Capital, with the company formed in 2017 through a merger and valued at $2.7 billion in 2019.
- Financials: In 2023, Waystar reported a net loss of $51.3 million on revenue of $791 million, showing growth from the previous year.
- Expansion and Operations: Under EQT and CPPIB's ownership, Waystar has expanded by acquiring competitors like eSolutions, now serving 1 million healthcare providers and handling over 2.5 billion transactions annually.
Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPM is 341.38 USD with a low forecast of 260.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 303.630
Low
260.00
Averages
341.38
High
400.00
Current: 303.630
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
