Tempus AI stock jumps 14% following $411M IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 14 2024
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- Tempus AI IPO Performance: Tempus AI's shares surged 14% following its $411M initial public offering, priced at the upper end of the range.
- Stock Details: Tempus shares were sold for $42.13 per share, opened at $40, and reached a high of $43.88 after being priced at $37 per share.
- Offering Details: The company offered 11.1M shares with underwriters having an option to buy up to 1.7M additional shares.
- Lead Bookrunners: Morgan Stanley, J.P. Morgan, and Allen & Company are serving as lead bookrunners for the IPO deal.
- Financials: Despite operating in the red, Tempus reported a net loss of $214M on revenue of $532M for the year 2023.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
