The latest announcement is out from IP Group plc ( (GB:IPO) ).
IP Group plc has announced that its portfolio company, Hinge Health Inc, has filed for an IPO with the US Securities and Exchange Commission. As a founding investor, IP Group holds a 1.8% stake in Hinge Health, valued at £34.2 million as of June 2024. Hinge Health, based in San Francisco, specializes in automated care for joint and muscle health through its AI-driven platform, which aims to improve patient outcomes and drive health equity. The IPO’s details, including the number of shares and price range, are yet to be determined, and the offering will be subject to market conditions. Hinge Health plans to list on the New York Stock Exchange under the ticker ‘HNGE’.
More about IP Group plc
IP Group plc is a prominent UK-based early-stage science investor, focusing on deeptech, life sciences, and cleantech. The company supports innovative businesses emerging from leading universities and research institutions, leveraging its sector expertise and international approach. It is listed on the London Stock Exchange under the code IPO.
YTD Price Performance: -27.92%
Average Trading Volume: 3,204,042
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £372.3M
Learn more about IPO stock on TipRanks’ Stock Analysis page.
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