June 13 (Reuters) -
SoftBank Group-backed Tempus AI set the pricing of
its U.S. initial public offering at $37 per share on Thursday,
aiming to raise $410.7 million.
The genetics-testing company priced its IPO at the
higher end of is targeted range of $35 to $37, valuing the firm
at about $6.10 billion, based on the outstanding shares listed
in its filing with the U.S. Securities and Exchange Commission.
Tempus AI's shares are expected to start trading on
Nasdaq Global Select Market on Friday.
The listing of the company, which is led by e-commerce
marketplace Groupon ( GRPN ) co-founder Eric Lefkofsky and is
yet to be profitable, will test investor appetite.
Tempus sells genomics diagnostics tests across oncology
and other areas - including neuropsychiatry, radiology and
cardiology - to clinicians and hospital systems.