SiTime Corporation Announces Completion of Follow-on Public Offering

Company Overview - SiTime Corporation is recognized as the Precision Timing company, specializing in semiconductor MEMS programmable solutions that enhance product performance, reduce size, lower power consumption, and improve reliability [5]. Recent Financial Activity - SiTime completed a follow-on public offering of 2,012,500 shares of common stock at a public price of $200.00 per share, resulting in net proceeds of approximately $387.4 million after deducting underwriting discounts and commissions [1]. Underwriting Details - The offering was managed by UBS Investment Bank and Stifel as joint lead book-running managers, with Needham & Company and Goldman Sachs & Co. LLC also serving as joint book-running managers [2].