By Connor Hart
Hinge Health has filed for an initial public offering with the Securities and Exchange Commission.
The San Francisco-based company, which leverages software and artificial intelligence to largely automate care for joint and muscle health, didn't say Monday how many shares it would list or give an anticipated price range. It plans to list shares on the New York Stock Exchange under the ticker HNGE.
The company reported a loss of $11.9 million on revenue of $390.4 million in 2024. A year earlier, it notched a loss of $108 million on sales of $292.7 million.
Hinge Health didn't say how much in proceeds it expects from the offering. The company intends to use a portion of proceeds to satisfy tax withholding and remittance obligations related to a settlement involving restricted stock units, as well as for general corporate purposes, working capital and to fund growth strategies and initiatives.
Morgan Stanley, Barclays Capital and BofA Securities, are listed as the offering's underwriting partners.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 10, 2025 17:16 ET (21:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。