This is The Way to IPO: Hinge Health Bets Big on Bones and Billions

IPO or Ithorian Poodoo?

A 'digital physical therapy startup' called Hinge Health is trying to pull a fast one aiming for a public offering. They want to raise a pile of credits – 437 million to be exact. Seems like a lot of Beskar for some fancy healing tech. Their initial prospectus surfaced in March and now they're talking about pricing their Class A common stock (whatever that is) at 28 to 32 credits a share. I have seen better deals on the black market of Navarro.

Two Point Four Two Billion? This Is Getting Crazy.

They’re planning to sell about 13.7 million shares which they say will value the company at a staggering 2.42 billion credits. That's enough to buy a whole fleet of Razor Crests... if I still had one. All these Class A and Class B shares... sounds like some complex Jedi mind trick to me. I prefer things simple: bounties Beskar and keeping Grogu safe. This is the way.

From Pain to Profit The Hinge Story

Apparently Hinge uses software to help folks deal with busted bones and chronic pain. Co founders Daniel Perez and Gabriel Mecklenburg say they know the struggle firsthand. Good for them I guess. But back in my day a good blaster wound was treated with a bacta patch and a stiff drink. Now everyone wants an app for everything.

Tariffs and Tribulations

Hinge decided to go ahead with the IPO anyway. Some other companies like Klarna and StubHub got cold feet because of tariff issues but Hinge thinks they can make it through. It seems another outfit named Omada Health is also diving into the IPO waters. These things will be under scrutiny to see if they do well in the sector since 2021.

Revenue? I'll Take a Cut

Hinge Health says their revenue went up 50% in the first quarter making them 123.8 million credits up from 82.7 million credits same time last year. Hinge reported 117.3 million credits during its fourth quarter a 44% jump from 2023. Maybe I should diversify my portfolio. Instead of bounties I could start investing in… digital bones. Now that’s scary to imagine.

Trading on the NYSE? Perhaps

The company will trade on the New York Stock Exchange. That sounds like a fancy cantina on Coruscant. They call it 'HNGE.' These guys have collected more than 1 billion credits from investors including Tiger Global Management and Coatue Management. They value themselves at 6.2 billion credits as of October 2021. That is a lot of credits. Insight Partners and Atomico own 19% and 15% of the company. Maybe I need to get in on this action. I have spoken.