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Tempus AI Raises $410.7M in IPO, Valued at $6.1B, Stock Jumps 18%
Jun 13, 2024, 11:25 PM
Tempus AI, a technology platform company specializing in using artificial intelligence to process medical data, successfully priced its initial public offering (IPO) at $37 per share, the high end of its marketed range. The IPO raised $410.7 million, giving the company a market valuation of $6.1 billion. Tempus AI offered 11.1 million shares in this IPO. Founded by Groupon cofounder Eric Lefkofsky, the company debuted on the Nasdaq and saw its stock price jump by as much as 18% during its first day of trading. This IPO represents a significant milestone for the company and highlights the growing importance of AI in precision medicine.
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