IP Group PLC - London-based active investor in early stage science companies - Notes investee Hinge Health Inc has filed for an initial public offering with the US Securities & Exchange Commission. IP holds a 1.8% stake in the firm, which uses software, including artificial intelligence, to automate care for joint and muscle health. Number of shares to be offered and price range for proposed offering have not yet been determined, and ‘the offering is subject to market conditions’.

Current stock price: 39.75 pence, up 2.3% in London on Tuesday afternoon

12-month change: down 22%

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