SiTime Corporation Announces $350 Million Secondary Offering with Pricing Set at $200 Per Share

Reuters
06-26
SiTime Corporation Announces $350 Million Secondary Offering with Pricing Set at $200 Per Share

SiTime Corporation, a leader in precision timing technology, has announced the pricing of a follow-on public offering involving 1,750,000 shares of its common stock, priced at $200.00 per share. This offering is expected to generate gross proceeds of $350 million for the company, prior to underwriting discounts, commissions, and other expenses. SiTime has also provided underwriters a 30-day option to purchase an additional 262,500 shares at the public offering price. The offering is set to close soon, subject to standard closing conditions. UBS Investment Bank and Stifel are leading the offering as joint book-running managers, with Needham & Company and Goldman Sachs & Co. LLC also serving as joint book-running managers, and Raymond James and Roth Capital Partners acting as co-managers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SiTime Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9484931-en) on June 26, 2025, and is solely responsible for the information contained therein.

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