BUZZ-Hinge Health set to rise in NYSE debut after $437 million IPO
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Hinge Health is set to debut on the NYSE with shares expected to rise up to 12.5% above the IPO price of $32, opening between $34 and $36. The digital health startup raised $437.3 million by selling approximately 13.7 million shares at the top end of the marketed range. Morgan Stanley, Barclays, and BofA Securities led the offering, with major backers including Insight and Atomico. The firm was valued at $6.2 billion in a 2021 funding round.
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