The stakes of Hinge Health's investors and executives are now worth millions after the company debuted on the stock market.

Hinge Health, a digital physical therapist company, closed its first day of trading on the New York Stock Exchange on Thursday at $37.56, up about 17%

Hinge Health Inc. shares rose 19% after the digital physical therapy provider and a group of investors raised $437 million in an initial public offering priced at the top of a marketed range.