Health Tech Firm Waystar’s Backers Offer 18 Million Shares

A group of shareholders of Waystar Holding Corp. are offering 18 million shares, eight months after its initial public offering.

Funds managed by EQT AB, Canada Pension Plan Investment Board and Bain Capital are offering the shares in a marketed deal, according to a statement. Waystar will not receive any proceeds from the sale.

The share sale comes after the health-care payments software maker raised $968 million in an IPO in June. The shares have more than doubled since then, giving the company a market value of $7.8 billion.

At the closing price of $45.11 per share on ...