Tempus AI, Inc. (TEM) announced today that it has priced its first sale of shares to the public at $37.00 for each of 11,100,000 shares of Class A common stock. Tempus is the only stock provider. Tempus is the sole provider of the shares. Tempus expects to raise $410.7 million from the sale, before deducting underwriters’ fees and other sale-related costs that Tempus will pay. In addition, Tempus has given the underwriters the option, for a period of 30 days, to purchase up to 1,665,000 additional shares of Class A common stock at the initial sale price, less the fees paid by the shareholders. underwriters.
The shares are expected to begin trading on the Nasdaq Global Select Market on June 14, 2024, under the symbol “TEM.” The sale is expected to close on June 17, 2024, provided all customary conditions for such transactions are met.
Morgan Stanley, JP Morgan and Allen & Company LLC are lead managers on the sale. BofA Securities and TD Cowen are also managing the sale, while Stifel, William Blair, Loop Capital Markets and Needham & Company are serving as deputy sale managers.
The Securities and Exchange Commission (the “SEC”) has confirmed that the filings for these securities were in order as of June 13, 2024 and are available on the SEC’s website at www.sec.gov. This sale is made only by means of a prospectus which forms part of these documents. When available, copies of the final prospectus relating to this sale may be requested from Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or by email at the following address: [email protected]; JP Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email to the following address: [email protected] And [email protected]; and Allen & Company LLC, Prospectus Department, 711 Fifth Avenue, New York, NY 10022, or by email to the following address: [email protected].
This press release does not constitute an invitation to purchase or an attempt to sell any of these securities. Further, these securities will not be sold in any state or jurisdiction where such invitation or attempt would be contrary to law until necessary registrations or approvals under the securities laws of such state or jurisdiction have been made. have been obtained.
This article was produced and translated with the help of AI and has been reviewed by an editor. For more information, please see our terms and conditions.
