We recently published a list of These 10 Stocks Soared by Double Digits Today!. In this article, we are going to take a look at where Hinge Health, Inc. (NYSE:HNGE) stands against other stocks that soared today.
Hinge Health soared by 17.38 percent on its first day as a publicly-listed company, a reflection of strong investor confidence.
During the intra-day trading, Hinge Health, Inc. opened at $39.25, reached as high as $40.26 or a 25.8-percent upside from its initial public offering (IPO) price of $32, before traders took early profits to pull its stock price slightly lower towards the end.
Following the IPO, Hinge Health, Inc. successfully raised $273 million from the sale of 8.52 million shares out of the aggregate 13 million shares.
A patient undergoing psilocybin therapy in a modern clinic, showing the cutting-edge mental health treatment.
According to the company, proceeds from the offer will be used to satisfy tax withholding and remittance obligations related to the net issuance of its Class A and B common shares, in connection with the vesting and settlement of certain restricted stock units and performance-based restricted stock units.
Founded in 2014, Hinge Health, Inc. is a digital physical therapy startup based in San Francisco, California, which aims to help patients treat acute musculoskeletal injuries, chronic pain, and carry out post-surgery rehabilitation from anywhere.
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This article is originally published at Insider Monkey.