Hinge Health IPO: Shares Surge
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digital health IPO marketInsider
•Business
Business & Economics
Hinge Health just broke open the digital health IPO market. Here's who's getting rich.
81% Informative
Physical therapy startup Hinge Health finally went public Thursday in a watershed moment for the digital health market.
The $ 32 IPO share price valued the company at about $2.6 billion , based on shares outstanding after the IPO .
At the market close, the company was worth about $3 billion .
The last wave of healthcare public market exits, in 2021 , saw 23 healthcare companies go public.
Tiger Global owns about 5.3 million shares, or 6.5% of Hinge Health .
Coatue Management owns about 4.7 million shares of common stock, or 5.8% of the company.
11.2 Capital , an investor, wrote one of the first checks into the startup.
Gabriel Mecklenburg , cofounder and executive chairman, is worth $158 million .
IP2IPO is a subsidiary of IP Group , a London -based firm backed Marblar, Perez and Mecklenburg's previous startup, back in 2012 .
Heuristic Capital invested in Hinge Health's seed and Series A rounds, and invested in its four subsequent rounds.
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