Exclusive: Physical therapy startup Hinge Health hires Morgan Stanley as it prepares to confidentially file its S-1

• Hinge Health has hired banks, with Morgan Stanley leading, for its IPO push, BI has learned.
• The startup is gearing up to confidentially file its S-1 in the coming weeks.
• $6.2 billion Hinge Health hopes to go public in early 2025.

Healthcare startup Hinge Health has hired several investment banks as it prepares to confidentially file its S-1 to go public, Business Insider has learned.

The physical therapy startup has hired Morgan Stanley to lead the deal, alongside Barclays and Bank of America, according to documents seen by BI.

Hinge Health plans to file its S-1 confidentially with the SEC in the next few weeks and hopes to go public in early 2025, one person with knowledge of the efforts said.