Reported Earlier, Tempus Prices Initial Public Offering Of 11.1M Class A Common Shares At $37/Share, Raising $410.7M
Portfolio Pulse from Benzinga Newsdesk
Tempus has priced its initial public offering (IPO) of 11.1 million Class A common shares at $37 per share, raising $410.7 million. The shares will trade on the Nasdaq Global Select Market under the ticker symbol 'TEM' starting June 14, 2024. The offering is expected to close on June 17, 2024.
June 14, 2024 | 7:01 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tempus has announced the pricing of its IPO at $37 per share, raising $410.7 million. The shares will trade on Nasdaq under the ticker 'TEM' starting June 14, 2024.
The successful pricing of Tempus's IPO and the substantial capital raised are positive indicators for the company's stock. The commencement of trading on Nasdaq is likely to attract investor interest, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100