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Hinge Health prices IPO at $32, the top end of expected range

  • Hinge Health, co-founded by Daniel Perez and Gabriel Mecklenburg, priced its IPO at $32 per share on May 21, 2025, on the NYSE under ticker HNGE.
  • The IPO follows sustained revenue growth driven by software aiding musculoskeletal and chronic pain treatment amid a tough digital health IPO market.
  • Hinge reported $123.8 million in Q1 revenue, a 50% increase year-over-year, and turned a $26.5 million net loss into a $17.1 million net income.
  • The offering sold 8.52 million new shares raising about $273 million at the top price range of $32, while existing shareholders sold 5.18 million shares.
  • At the IPO price, Hinge’s market value is about $2.6 billion, significantly down from its $6.2 billion private valuation in October 2021, with potential dilution effects.
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CNBC broke the news in United States on Wednesday, May 21, 2025.
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