Hinge Health IPO Success

This is a news story, published by TechCrunch, that relates primarily to Hinge Health news.

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Hinge Health

TechCrunch

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Technology

Hinge Health pops 17%, but joins growing ranks of down round IPOs | TechCrunch

Summary

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79% Informative

Digital physical therapist company Hinge Health closed its first day of trading on the New York Stock Exchange on Thursday at $ 37.56 .

The IPO raised $437 million , with about $237 million in proceeds going directly to the company and the remainder to its existing investors.

The company aims to reduce musculoskeletal pain with the help of wearable sensors and computer vision technology remotely monitored by a clinical care team.

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Informative language

Neutral language

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formal

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English

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not offensive

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not hateful