Tempus AI (TEM) Prices 11.1M Share IPO at $37/sh

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Go back to Tempus AI (TEM) Prices 11.1M Share IPO at $37/sh

Tempus Announces Pricing of Initial Public Offering

June 15, 2024 6:59 PM EDT

CHICAGO--(BUSINESS WIRE)-- Tempus AI, Inc. (Tempus) today announced the pricing of its initial public offering of 11,100,000 shares of its Class A common stock at a public offering price of $37.00 per share. All of the shares of Class A common stock are being offered by Tempus. The gross proceeds to Tempus from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Tempus, are expected to be $410.7 million. In addition, Tempus has granted the underwriters a 30-day option to purchase up to an additional 1,665,000 shares of its Class A common stock at the initial public... More