** Digital health startup Hinge Health's HNGE.N shares set to open up to 12.5% above offer price in their New York Stock Exchange debut on Thursday
** Stock recently indicated to open between $34 and $36 vs. $32 IPO price
** HNGE and some existing investors sold ~13.7 million shares at the top end of the marketed range of $28 to $32 apiece to raise $437.3 million
** Morgan Stanley, Barclays and BofA Securities were the lead book-running managers for the offering
** HNGE's major backers include venture capital firms Insight and Atomico
** California-based firm was valued at $6.2 billion in 2021 funding round
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.