Hinge Health Embarks on IPO Journey with US SEC Filing
Deal News | Mar 11, 2025 | Top Technology Ventures Ltd
Hinge Health Inc., a portfolio company of IP Group plc, has filed an IPO prospectus with the US Securities and Exchange Commission. An innovator in musculoskeletal care, Hinge Health uses software, including AI, to automate joint and muscle health care. The company is headquartered in San Francisco and plans to list its Class A common stock on the New York Stock Exchange under the ticker symbol HNGE. IP Group, as the founding investor, holds a 1.8% stake in Hinge Health, valued at £34.2m as of 30 June 2024. The IPO's exact share offering and price range have not yet been determined, and its completion will depend on market conditions. Morgan Stanley, Barclays, and BofA Securities are leading the offering, with additional support from several other financial institutions.
Sectors
- Healthcare Technology
- Finance and Investment
Geography
- United States – Hinge Health is headquartered in San Francisco, California, and has filed for an IPO in the U.S. with the SEC.
- United Kingdom – IP Group plc is a UK-based early-stage science investor, actively investing in companies like Hinge Health.
Industry
- Healthcare Technology – Hinge Health is a company using AI and software to enhance musculoskeletal care, representing innovation in the healthcare technology sector.
- Finance and Investment – IP Group and its involvement in Hinge Health's IPO filing represents the finance and investment industry, focusing on funding breakthrough science and innovation.
Financials
- £34.2m – The valuation of IP Group's 1.8% stake in Hinge Health as of 30 June 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hinge Health Inc. | Target Company | Company | A healthcare technology company focusing on musculoskeletal care through software and AI innovations. |
| IP Group plc | PE Firm | Company | A UK-based investment firm with a 1.8% holding in Hinge Health, supporting early-stage science businesses. |
| Morgan Stanley | Lead Book-Running Manager | Company | An investment bank acting as a lead underwriter for the Hinge Health IPO. |
| Barclays | Lead Book-Running Manager | Company | An investment bank participating as a lead underwriter for the IPO. |
| BofA Securities | Lead Book-Running Manager | Company | An investment bank serving as a lead underwriter in the proposed IPO. |
| US Securities and Exchange Commission | Regulatory Body | Government | The SEC is responsible for overseeing the filing and execution of the IPO. |