Nasdaq stock market data

Google-backed Tempus AI Goes Public on Nasdaq at $37, Sees 15% Increase

Jun 14, 2024, 04:11 PM

Tempus AI, Inc., a health tech company founded by Groupon cofounder Eric Lefkofsky, has successfully gone public on the Nasdaq under the ticker symbol $TEM. The company priced its IPO at $37 per share, the high end of its range, and debuted with a full-size deal of 11.1 million shares. On its first day of trading, Tempus AI's stock opened at $40 and rose to over $42, marking a 15% increase. Tempus AI, Google-backed and supported by Revolution Growth, focuses on AI and precision medicine, aiming to improve patient care and drug research. This IPO marks Lefkofsky's fourth public offering.