Reported about 13 hours ago
Hinge Health Inc., a digital physical therapy provider, saw a 17% increase in its share price after successfully raising $437 million through an initial public offering priced at the highest end of the expected range. The company's shares closed at $37.56 each, giving it a market value of approximately $2.9 billion. Hinge Health, which utilizes AI to assist in physical therapy for individuals suffering from back and joint pain, reported a net income of $17 million in Q1 2025. Established in 2014, it currently serves over 20 million users through its platform.
Source: YAHOO