The Truemotion feature of Hinge Health.
Gracieuse: Hole health
Hinge Health estimated its IPO at $ 32 per share Wednesday, in the upper end of the expected range.
The digital physiotherapy startup has sold 8.52 million shares in the offer, raising around 273 million dollars. The total offer was 13.7 million shares, the balance being sold by existing shareholders.
Hinge, founded in 2014, will be negotiated on the New York Stock Exchange under the Ticker symbol “HNGE”. The company has deposited its Initial prospectus In March and updated the document earlier this month with a price range expected from $ 28 to $ 32.
At the price of the IPO, Hinge Health is worth around 2.6 billion dollars, although this number can be higher on an entirely diluted basis. It is significantly According to an assessment of the private market of $ 6.2 billion in October 2021, the last time the company has lifted outside of funding.
The company uses software to help patients treat acute musculoskeletal injuries, to chronic pain and to rehabilitation after remote surgery. He was co -founded by CEO Daniel Perez and executive president Gabriel Mecklenburg, who both knew personal difficulties with physical rehabilitation.
Turnover in the first quarter increased by $ 123.8 million, compared to $ 82.7 million a year ago. Hinge said net profit for the period of $ 17.1 million, going through a net loss of $ 26.5 million in the same period last year.
The IPO of Hinge will be closely monitored by the digital health sector, which has mainly without public offers since 2021. Digital health is a particularly difficult market in recent years, because companies have had trouble recovering from a post-comfortable slowdown.
Technological stock exchange has been widely rare lately. But there is signs This activity resumes. Shares of the shares Etoro jumped into their market start Last Wednesday, and the supplier of artificial intelligence infrastructure, Coreweave, reported income growth of 420%, Furniture estimates and trigger a 56% rally in the stock last week.
Hinge has raised more than a billion dollars in investors, including Tiger Global Management and Coatue Management.
“We have many work decades to come,” Perez wrote in a letter to investors in March. “We hope you will join us on this trip.”
