IPO TEM.NASDAQ Past

Tempus AI

AI for healthcare

Company website

Ticker

TEM.NASDAQ

Market

Capitalization

$$5943.6mil

Foundation year

2015

Employees

2300

IPO date

6/13/2024

Placement price

$37

About

The focus is on the use of AI (artificial intelligence) in healthcare. This led to the creation of the Tempus Platform, which includes proprietary software and data pipelines. As a result of this proprietary technology, the company has accumulated what is considered to be one of the largest libraries of clinical and molecular oncology data in the world.

Headquarters

600 West Chicago Avenue, Suite 510 Chicago, Illinois 60654

Team

Eric Lefkofsky, the founder, has served as CEO and a member of the board of directors since the company's inception in 2015. Before founding Tempus, Mr. Lefkofsky co-founded Groupon, Inc. in 2008, where he held various roles, including member of the board of directors through November 2023, chairman of the board of directors (November 2015 to June 2020), and CEO (August 2013 to November 2015). Mr. Lefkofsky also co-founded Lightbank LLC in 2008, a private venture capital firm specializing in investments in technology companies. He has served as Lightbank’s managing member since inception and general partner since January 2019.

Financial information

Underwriters

Morgan Stanley, J.P. Morgan, Allen & Company, BofA Securities, TD Cowen, Stifel, William Blair

Prospectus