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Tempus AI announces pricing for IPO; aims to raise USD 410.7 million
Precision Medicine
Jun 13, 2024
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Precision Medicine

Precision Medicine

Jun 13, 2024

Tempus AI announces pricing for IPO; aims to raise USD 410.7 million

Funding

  • 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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