The stock is listed on the Nasdaq Global Select Market

Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 11,100,000 shares of Class A common stock of Tempus AI, Inc. at $37.00 per share for total gross proceeds of approximately $410 million. In addition, the underwriters have a 30-day option to purchase up to an additional 1,665,000 shares of Class A common stock at the initial public offering price, less underwriting discount. The Class A common stock is listed on the Nasdaq Global Select Market under the symbol “TEM.”

Tempus AI, Inc. is a technology company that endeavors to unlock the true power of precision medicine through the practical application of artificial intelligence in healthcare. With one of the world’s largest libraries of multimodal data, and an operating system to make that data accessible and useful, Tempus provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. 

The Davis Polk corporate team included partners Alan F. Denenberg and Yasin Keshvargar, counsel Joze Vranicar and associates Carlos Escandón and Blair Shi. Partner David R. Bauer and associate Jordan Khorshad provided intellectual property advice. The tax team included partner Mario J. Verdolini and associate Justin Corvino. Counsel Marcie A. Goldstein provided FINRA advice. of the Davis Polk team are based in the Northern California and New York offices.