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Hinge Health pops 17%, but joins growing ranks of down-round IPOs
Hinge Health, a digital physical therapist company, closed its first day of trading on the New York Stock Exchange on Thursday at $37.56, up about 17%
The company aims to reduce musculoskeletal pain with the help of wearable sensors and computer vision technology remotely monitored by a clinical care team of physical therapists, physicians, and board-certified health coaches. The 13-year-old startup offers virtual care between doctors’ visits for chronic conditions like diabetes and hypertension and competes with Hinge Health in the musculoskeletal pain reduction space. At that time, Sword Health’s CEO, Virgilio Bento, told TechCrunch that the company might also pursue an IPO in 2025 if it grows as expected and the macroeconomic environment is favorable.
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