June 5 (Reuters) - Tempus AI is targeting a valuation of
up to $6.10 billion in its initial public offering in the United
States, the genetics testing company said on Wednesday.
The company has incurred significant losses since its
inception and is yet to achieve profitability, which will test
investor appetite for an IPO.
Tempus, led by e-commerce marketplace Groupon ( GRPN )
co-founder Eric Lefkofsky, is aiming to raise as much as $410.7
million by selling 11.1 million shares at a price range of $35
to $37 each.
It will list on the Nasdaq Global Select Market under the
symbol "TEM".
Morgan Stanley, J.P. Morgan Securities and Allen & Company
are the lead underwriters for the offering.