Google-backed Tempus AI closes first day of trading up 9% in Nasdaq stock market debut
Tempus AI, a health-care diagnostics company that uses AI to interpret medical tests to help physicians provide more accurate treatment for their patients, rose by as much as 15% in its Nasdaq Stock Market debut on Friday, after going public under the ticker symbol "TEM." Tempus AI priced 11.1 million shares at $37 apiece on Thursday, at the top of its initial $35 to $37 target range. The company raised $410 million at an implied valuation of just over $6 billion. Its early gains took the compan...
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