Healthcare-payments company Waystar was set to launch its IPO roadshow this week, but now is not expected to do so until December at the earliest, people familiar with the matter told The Wall Street Journal’s Corrie Driebusch and Laura Cooper. The fact that four big companies that had recently come public – including Arm (ARM), Instacart (CART) and Birkenstock (BIRK) – all now trade below their IPO prices, along with recent declines in the stock market, comments from Federal Reserve officials indicating interest rates may stay higher for longer and war in the Middle East, played into the decision to delay Waystar’s offering, which will likely wait until 2024, the report said.
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