08:51 AM EDT, 05/13/2025 (MT Newswires) -- Digital health firm Hinge Health and its existing shareholders plan to launch an initial public offering of about 13.7 million common shares at an anticipated price of $28 to $32, the company said in a regulatory filing Tuesday.

Underwriters have an overallotment option to buy up to an additional 2 million shares, according to the filing.

Based on the midpoint of the price range, the company estimates to receive net proceeds of approximately $230.7 million from the offering.

Hinge Health said it intends to use substantially all of the net proceeds from the offering to satisfy tax withholding and remittance obligations related to its restricted stock unit net settlement.

Hinge Health said it plans to list its common stock on the New York Stock Exchange under the ticker symbol "HNGE."