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IP Group PLC - London-based investor in intellectual property-based businesses - Says portfolio company Hinge Health Inc seals USD400 million series E financing, valuing the digital clinic at USD6.2 billion. "The round was led by Tiger Global and Coatue Management with Alkeon and Whale Rock acquiring ownership as part of a USD200 million secondary investment," IP Group says. FTSE 250 company says it has a 1.8% stake in Hinge Health, valued at GBP62.8 million.
Current stock price: 121.80 pence
Year-to-date change: up 23%
By Eric Cunha; ericcunha@alliancenews.com
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