Hinge Health, Inc.

Hinge Health, Inc. (HNGE) priced its initial public offering on May 23, 2025 at $32.00 per share, raising $437.3M, and listed on NYSE. At the IPO price its market capitalization was about $2.5B. Morgan Stanley was lead-left underwriter, joined by Barclays, BofA Securities and Evercore ISI and others. Latham & Watkins and Whalen advised the company and Davis Polk advised the underwriters.

Hinge Health, Inc. provides a digital care platform for joint and muscle health, using software and AI to largely automate musculoskeletal care for members, from acute injury to chronic pain and post-surgical rehabilitation, for its clients.

Status

IPO

Ticker

HNGE

Exchange

NYSE

Priced

May 23, 2025

IPO price

$32.00

Raised

$437.3M

Market cap at IPO price

$2.5B

First filed

Mar 10, 2025

Underwriters

Morgan Stanley, Barclays, BofA Securities, Evercore ISI, RBC Capital Markets, Truist, Stifel, William Blair, Piper Sandler, Canaccord Genuity, KeyBanc, Needham, Raymond James and KKR

Company counsel

Latham & Watkins and Whalen

Underwriters' counsel

Davis Polk

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.