Hinge Health said late Wednesday it priced its initial public offering of about 13.7 million class A common shares at $32 each.
The digital health firm is offering roughly 8.5 million of the shares, with the rest offered by certain selling stockholders. The company said the selling stockholders have granted a 30-day overallotment option to the underwriters to acquire up to 2 million additional shares.
Hinge Health said it plans to use substantially all its net proceeds to satisfy tax withholding and remittance obligations.
The company expects the shares to start trading on the New York Stock Exchange under the ticker symbol HNGE Thursday, while the IPO is expected to close Friday.
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