Mar 10, 11:22 PM

Hinge Health Files for $500 Million IPO, Reports $390 Million Revenue and $11.9 Million Net Loss in 2024

Hinge Health, a digital physical therapy provider, has officially filed for an initial public offering (IPO) on the New York Stock Exchange under the ticker symbol 'HNGE'. The company aims to raise an estimated $500 million. In its S-1 filing, Hinge Health reported a revenue of $390.4 million for the year 2024, marking a 33.4% increase from $292.7 million in 2023. Additionally, the company has significantly reduced its net loss to $11.9 million in 2024, down from $108.1 million the previous year. This IPO is notable as it represents one of the first venture-backed healthcare IPOs in nearly three years, potentially setting a precedent for other digital health startups considering public listings. Hinge Health has raised approximately $850 million in funding to date, with its last valuation at $6.2 billion in 2021.

#Hinge Health #New York Stock Exchange

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