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Hinge Health aims to raise up to $437 million in IPO, pricing at $28.00 to $32.00 per share
Hinge Health, a digital physical therapy startup founded in 2014, plans to raise up to $437 million in an IPO priced between $28.00 and $32.00 per share.
The IPO follows Hinge's rapid revenue growth, including a 50% increase in the first quarter to $123.8 million, amid a largely inactive digital health IPO market since 2021.
Hinge’s software supports remote treatment of acute musculoskeletal injuries, chronic pain, and post-surgery rehabilitation, reflecting the founders’ personal rehabilitation struggles.
The offering will sell about 13.7 million shares, valuing the company at approximately $2.42 billion mid-range, with major holders Insight Partners owning 19% and Atomico 15%.
Hinge Health’s IPO, expected in early 2026 on the NYSE under ticker HNGE, could signal renewed investor interest in digital health after years of limited public offerings.