Reuters reported in August that Waystar was eyeing an IPO that could value the company as much as $8 billion, including debt. Waystar made its IPO filing public in October after confidentially filing it in August, joining a wave of new listings that followed a months-long dry spell wrought by high interest rates and fears of a recession. Still, hopes of the new listings – including those of chip designer Arm, and grocery delivery app Instacart – buoying the IPO market were dashed after the stocks fell below their IPO price soon after debut.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles