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Kekst CNC handled the IPO of Waystar Holding Co. healthcare payments firm, which raised $968M on the NASDAQ on June 7. The IPO was one of the largest of the year.
Waystar is the result of the 2017 merger between Navicure and ZirMed.
Its software helps about 30K healthcare providers bill patients. The platform processes more than 5B transactions annually, covering $1.2T in claims from half of US patients.
The company posted a 17.6 percent jump in Q1 revenues to $224.8M. It recorded a $15.9M loss.
Waystar’s stock, which debuted at $21 per share, now trades at $22.
Kekst CNC’s Daniel Yunger, Nick Capuano, Kerry Kelly, Mark Fallati, Finn O’Malley and Ellie Taylor worked the IPO.
Publicis Groupe owns Kekst CNC.
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
