Hinge Health targets $2.6 billion valuation as IPO markets signal comeback

- 5/13/2025

</head><body><p>(Reuters) - Digital health startup Hinge Health said on Tuesday it is targeting a valuation of up to $2.6 billion in its initial public offering on the New York Stock Exchange, signaling a thawing IPO market after recent market volatility.</p><p>Financial markets have regained footing in recent weeks as the de-escalation of U.S.-China trade tensions has rekindled expectations for a resurgence in dealmaking activity.</p><p>The San Francisco, California-based company, along with existing stockholders, plans to raise over $437 million by offering 13.7 million shares priced between $28 and $32 each.</p><p>Even at the top of its proposed range, Hinge Health's IPO represents a nearly 60% reduction from its 2021 Series E valuation of $6.2 billion, led by Coatue Management and Tiger Global.</p><p>While a widely expected IPO market recovery is yet to materialize, defensive sectors like healthcare have been resilient, with healthcare companies accounting for 23% of all IPOs in Q1 2025, according to an Ernst & Young report.</p><p>Last week, Apollo-backed Aspen Insurance's shares rose nearly 11% in its NYSE debut, while virtual chronic care provider Omada filed to list on Nasdaq.</p><p>Founded in 2014 by Daniel Perez and Gabriel Mecklenburg, Hinge Health's platform offers musculoskeletal care, addressing acute injuries, chronic pain management, and post-surgical rehabilitation. </p><p>Rising concerns over Americans' sedentary lifestyles and dietary choices have driven demand for improved healthcare options.</p><p>Hinge Health's revenue climbed to $123.8 million in the first quarter of 2025, marking a nearly 50% increase from the previous year. The company also reported a profit of $17 million compared with a loss of over $26 million in the previous year. </p><p>Morgan Stanley, Barclays Capital, and BofA Securities are the lead underwriters for the offering.</p><p>The company will list on the NYSE under the symbol "HNGE".</p><p/><p> (Reporting by Ateev Bhandari in Bengaluru; Editing by Vijay Kishore and Tasim Zahid)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/mh/news-article-detail.aspx?id=155564'>NJ AG investigating after Fort Lee police shoot woman in ‘mental health crisis’</a></p> <p><a href='/mh/news-article-detail.aspx?id=155555'>How understaffing, mental health failures led to ‘mounting crisis’ in Richland County jail</a></p> <p><a href='/mh/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div>  <footer class="footer">  <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <p>The Network of Care for Mental/Behavioral Health is an online information portal for individuals, families and social service agencies concerned with community mental health services, substance use treatment programs and help for people with developmental disabilities.</p> </div> <h3 id="lblTechAssistance" style="color: #fff; 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Hinge Health targets $2.6 billion valuation as IPO markets signal comeback