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Share Price: 51.40

Bid: 51.70

Ask: 52.00

Change: -1.30 (-2.47%)

Spread: 0.30 (0.58%)

Open: 55.00

High: 55.00

Low: 51.40

Prev. Close: 52.70

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IN BRIEF: IP Group investee Hinge Health valued at over USD6 billion

Fri, 29th Oct 2021 14:36

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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5 Apr 2022 09:00

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