Tempus AI has set the pricing for its US IPO of 11.1 million shares of its Class A common stock at USD 37 per share to raise USD 410.7 million. Subsequently, the company has granted a 30-day option to purchase up to 1,665,000 shares of its Class A common stock at the IPO price. Upon meeting specified conditions, the offering is expected to close on June 17, 2024.
Trading of shares is expected to begin on June 14, 2024, on the NasdaqGS Market, under the ticker symbol, “TEM.” The listing, led by co-founder of Groupon Eric Lefkofsky, is expected to bring the company's valuation to approximately USD 6.10 billion.
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