Latest news with #HingeHealthInc.
Yahoo
23-05-2025
- Business
- Yahoo
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. Tesla's Cybertruck is officially a flop House Republicans just gutted the IRA. What happened to all the supposed holdouts? Trump's 4,000 meme-coins-per-plate crypto dinner is an American embarrassment 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 Wednesday, the higher end of its expected range, in an offering led by Morgan Stanley, Barclays, and BofA Securities. The stock will list on the New York Stock Exchange (NYSE) under the 'HNGE' ticker symbol. Based on its IPO share price, Hinge Health has an approximate valuation of about $2.6 billion, though it could be higher on a fully diluted basis. Still, that's much lower than its October 2021 valuation of $6.2 billion, according to CNBC. Hinge Health leverages software, including artificial intelligence (AI), to largely automate care for joint and muscle health, and to improve outcomes and cost reductions for its clients via a digital platform. That platform is designed to address a broad spectrum of musculoskeletal (MSK) health needs care, from acute injury and chronic pain to postsurgical rehabilitation. It aims to reduce pain, improve function, and decrease the necessity for surgeries while promoting health equity, because it allows members to engage in their exercise therapy sessions from any location. The company was founded in 2014 by Daniel Perez and Gabriel Mecklenburg, who both had experienced MSK injuries, as well as underwent surgery and physical therapy, and endured a frustrating recovery process. This post originally appeared at to get the Fast Company newsletter:
Bloomberg
07-03-2025
- Business
- Bloomberg
Hinge Health Weighs Filing for IPO as Soon as Next Week
Hinge Health Inc., a provider of digital physical therapy, is aiming to file for an initial public offering as soon as next week, according to people familiar with the matter. The San Francisco-based company could go public as early as April, the people said, asking not to be identified as the information isn't public. Hinge Health had revenue of $390 million last year, up about a third from 2023, one of the people said. It had free cash flow of $45 million in 2024, the person said.
