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Hinge Health just broke open the digital health IPO market. Here's who's getting rich.
- Hinge Health went public with a strong market debut, marking a significant moment for the digital health industry.
- Its shares surged 23% above its IPO price to reach $39.25 per share, valuing the company at about $3 billion.
- Major investors in Hinge Health, including Insight Partners, Daniel Perez, Atomico, Tiger Global, Coatue Management, and more, saw substantial gains post IPO.
- Insight Partners, the largest stakeholder, saw its stake worth approximately $433 million after the IPO.
- Hinge Health's CEO Daniel Perez, the largest individual shareholder, saw his stake valued at about $414 million.
- Investors like Atomico, Tiger Global, and Coatue Management also reaped significant gains, with stakes worth over $300 million each.
- Hinge Health's $2.6 billion IPO valuation marked a 52% decrease from its previous private valuation of $6.2 billion.
- Notably, Hinge Health raised $437 million in the IPO, with $273 million going to the company and $164 million to selling shareholders.
- The successful IPO of Hinge Health brings hope to the digital health IPO market after a lull in recent years.
- Various investors, executives, and board members of Hinge Health, including Heuristic Capital, Jim Pursley, and Kristina Leslie, also saw significant gains post IPO.
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