Waystar shares slid about 3% in their Nasdaq debut on Friday, after the health-care payment software vendor priced its IPO in the middle of the expected range.
The stock opened at $21 per share, below the IPO price of $21.50 late Thursday.
The IPO market has been largely dormant since late 2021 when the extended bull market turned and investors began to worry about a weakening economy.
But the broader venture-backed tech market may be beginning to thaw.
Health tech company Tempus AI has also issued a preliminary prospectus this year.
Persons:
Waystar, Matt Hawkins, CNBC's, JPMorgan Chase, Goldman Sachs
Organizations:
Nasdaq, Rock Health, Health, ZirMed, JPMorgan, Barclays