Hinge Health is preparing for an initial public offering with plans to confidentially file its S-1 soon, aiming for a public market debut in early 2025.
Last valued at $6.2 billion, Hinge Health has hired leading investment banks and is now cash flow positive after a series of strategic financial adjustments.
The startup's major competitor, Sword Health, raised $130 million at a $3 billion valuation, indicating a competitive landscape awaiting a favorable IPO environment.
Despite a stagnant IPO market, there are signs of an investor appetite, as evidenced by recent successful debuts, raising hopes for healthcare tech startups.
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