Hinge Health set to rise in NYSE debut after $437 million IPO

Hinge Health

22/05/2025 16:02

** Digital health startup Hinge Health's HNGE.N shares set to open up to 12.5% above offer price in their New York Stock Exchange debut on Thursday

** Stock recently indicated to open between $34 and $36 vs. $32 IPO price

** HNGE and some existing investors sold ~13.7 million shares at the top end of the marketed range of $28 to $32 apiece to raise $437.3 million

** Morgan Stanley, Barclays and BofA Securities were the lead book-running managers for the offering

** HNGE's major backers include venture capital firms Insight and Atomico

** California-based firm was valued at $6.2 billion in 2021 funding round

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))