Waystar Plans $950 Million IPO Launch as Soon as Tuesday (1)

Health-care payments software firm Waystar Holding Corp. is moving ahead with a planned US initial public offering that’s expected to launch as soon as Tuesday, according to people familiar with the matter.

The listing for Waystar, which counts EQT AB and the Canada Pension Plan Investment Board among its backers, could raise about $950 million and will consist of only new shares, the people said. Waystar shares may begin trading as soon as in June in a listing that could value the company at up to $6 billion, Bloomberg News has reported.

Details of the offering including size and ...