Insight Partners-Backed Hinge Health IPO Raises $437 Million

Hinge Health Inc.and a group of investors raised $437 million in the digital physical therapy provider’s US initial public offering, pricing shares at the top of a marketed range.

The company and backers including Tiger Global Management and Insight Partners sold about 13.7 million shares in aggregate for $32 each, according to a statement Wednesday. The shares were offered for $28 to $32 each.

At $32 a share, Hinge Health has a market value of $2.47 billion based on the outstanding shares listed in its filings, not including preferred stock that could convert to common shares. It would have ...