preCharge News BUSINESS — Shares of Hinge Health surged 19% on Thursday in their debut on the New York Stock Exchange.

The stock opened at $39.35, or 23% above its IPO price of $32. The company raised around $273 million in its initial public offering, selling 8.52 million shares out of the 13.7 million shares available in the total offering.

Hinge Health, founded in 2014, uses software to help patients treat chronic pain and acute musculoskeletal injuries, as well as rehabilitate after surgery.

“Health care is tough, absolutely, but we’re very different from any of the digital health companies that have come before,” Hinge CEO Daniel Perez said preCharge News Thursday. “Our technology is actually automating the delivery of care itself, and that’s why a lot of investors have been so interested in Hinge Health.”

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Associated Press, CNBC News, Fox News, and preCharge News contributed to this report.