Hinge Health set to rise in NYSE debut after $437 million IPO

Digital health startup Hinge Health's HNGE.N shares set to open up to 12.5% above offer price in their New York Stock Exchange debut on Thursday

Stock recently indicated to open between $34 and $36 vs. $32 IPO price

HNGE and some existing investors sold ~13.7 million shares at the top end of the marketed range of $28 to $32 apiece to raise $437.3 million

Morgan Stanley, Barclays and BofA Securities were the lead book-running managers for the offering

HNGE's major backers include venture capital firms Insight and Atomico

California-based firm was valued at $6.2 billion in 2021 funding round