Hinge Health shares climb 17% in NYSE debut

Hinge Health signage outside the New York Stock Exchange (NYSE) during the company's initial public offering (IPO) in New York, US, on Thursday, May 21, 2025. Shares of Hinge Health popped in their debut on the New York Stock Exchange on Thursday after the digital physical therapy company raised about $273 million in its IPO. The stock opened at $39.25, rising 23% from its $32 IPO price. It closed up 17% at $37.56 a share, bringing its market capitalization to more than $3 billion. Hinge sold 8.52 million shares in the offering, while the total offering was for 13.7 million shares, with the balance being sold by existing shareholders. Hinge, founded in 2014, uses software to help patients treat acute musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation from anywhere. The San Francisco-based company filed its initial prospectus in March and updated the document earlier this month with an expected pricing range of $28 to $32. Wall Street and the digital h ... Read full article.