SoftBank-backed Tempus AI extends slump after strong listing

Tempus Holdings

20/06/2024 15:58

** Shares of SoftBank  9984.T -backed Tempus AI  TEM.O 
tumble as much as 20% to slump for the third straight session
    ** The genetics testing firm, led by Groupon  GRPN.O 
co-founder Eric Lefkofsky, closed up 8.8% at $40.25 on its
market debut on Friday, June 14
    ** Shares fell 9.4% on Monday and 16.9% on Tuesday
    ** Tempus, which was founded in 2015 and is yet to post a
profit, raised $410.7 mln by selling 11.1 mln shares at $37/shr,
the higher end of its targeted range 
    

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))