SiTime Corporation, a leader in precision timing technology, has successfully completed a follow-on public offering of 2,012,500 shares of its common stock at a price of $200.00 per share. The offering, which included the full exercise of the underwriters' option to purchase additional shares, resulted in approximately $387.4 million in net proceeds after deducting underwriting discounts, commissions, and estimated expenses. UBS Investment Bank and Stifel acted as joint lead book-running managers, with Needham & Company and Goldman Sachs & Co. LLC also serving as joint book-running managers. Raymond James and Roth Capital Partners were co-managers. The registration statement for this offering was filed with the U.S. Securities and Exchange Commission on February 26, 2024, and became effective upon filing. The offering was conducted through a prospectus supplement and an accompanying prospectus, which are available from UBS Securities LLC and Stifel, Nicolaus & Company.
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