Tempus AI Raises $410.7 Million in IPO, at the Top of Range

Tempus AI Inc., a tech firm that uses artificial intelligence to process medical data, has successfully priced its initial public offering (IPO) at the top of its marketed range, raising $410.7 million. The company sold 11.1 million shares at $37 each, after initially offering them for $35 to $37.

This move places Tempus among a growing number of companies going public while promoting their AI capabilities. The pricing and sale details were confirmed in a statement on the Bloomberg Terminal, following an earlier report by Bloomberg News.

Key takeaways

Tempus AI Inc., a tech platform company that uses AI to process medical data, has priced its initial public offering at the top of a marketed range, raising $410.7 million.
The company is part of a wave of businesses going public while promoting their AI capabilities.
Tempus sold 11.1 million shares for $37 each, after initially offering them for $35 to $37.
The information was confirmed in a statement on Bloomberg Terminal Thursday, following an earlier report by Bloomberg News.

Tempus AI Raises $410.7 Million in IPO, at the Top of Range

Key takeaways

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