04:34 AM EDT, 06/14/2024 (MT Newswires) -- Tempus AI ( TEM ) said late Thursday it has priced its initial public offering of 11.1 million class A common shares at $37 per share for expected gross proceeds of $410.7 million.

The underwriters have been granted a 30-day option to purchase up to roughly 1.7 million additional shares.

Closing of the offering is expected to occur on June 17, subject to customary conditions.

The shares are expected to debut on the Nasdaq Global Select Market on Friday under the ticker "TEM."