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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Hinge Health IPO update: NYSE stock trading starts today after shares priced at top of range
Digital physical therapy health startup Hinge Health Inc. is expected to make its market debut on Thursday in a closely watched initial public offering (IPO) that will test the market’s interest for a new digital health offering, after what has been a challenging few years for the sector. There have been fewer tech IPOs recently, but they could be making a comeback, according to CNBC. The San Francisco-based company priced shares at $32 on Wedne…
News 5/23/25 – HIStalk
Top News Digital physical therapy company Hinge Health raises $273 million during its IPO, giving it a $2.6 billion valuation. The San Francisco-based company has raised more than $1 billion since launching in 2014. HIStalk Announcements and Requests Welcome to new HIStalk Platinum Sponsor Fortified Health Security. As a managed security service provider, Fortified offers a broad range of advisory and security operations center (SOC) services th…
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