Hinge Health Files for IPO, Aiming to Raise $500M Amid Rising Digital MSK Care Demand
Hinge Health, a digital MSK therapy leader, has filed for an IPO, targeting a $500M raise.
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Hinge Health Files for IPO, Aiming to Raise $500M Amid Rising Digital MSK Care Demand
Hinge Health, a 10-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, filed to go public. Image:Hinge Health Although Hinge has not yet announced how many shares, nor priced them, the IPO specialists at Renaissance Capital estimate the company hopes to raise up to $500 million in its offering. Hinge’s revenue in 2024 was $390 million, a 33% increase from the prior year, while net losses narrowed to $11.9 million from $108 million in 2023, according to its IPO prospectus. The company’s technology aims to reduce MSK pain through the use of advanced wearable sensors and computer vision technology that is monitored remotely by a clinical care team of physical therapists, physicians, and board-certified health coaches. Hinge was last valued at $6.2 billion in October 2021 when it raised a $400 Series E from Tiger Global and Coatue Management. The company has raised a total of $828 million in venture capital, according to PitchBook data. The compa…