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.
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