SoftBank-backed Tempus AI tumbles well below IPO price

Groupon

18/06/2024 17:15

** Shares of Tempus AI  TEM.O , genetics testing firm backed
by SoftBank  9984.T , down 16% at $30.65 on Tues in their third
day of trading
    ** TEM, which shed ~9% on Mon, tumbles as low as $30.31 on
the session
    ** Stock now >17% below $37 IPO price set late Thurs after
co raised ~$411 mln by selling 11.1 mln shares
    ** TEM traded as high as $43.88 in debut on Fri before
closing at $40.25
    ** Co led by Groupon  GRPN.O  co-founder Eric Lefkofsky has
yet to be profitable

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))