SiTime Corp. (SITM) IPO Opens, Trades Higher

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Go back to SiTime Corp. (SITM) IPO Opens, Trades Higher

SiTime Corporation Announces Pricing of Initial Public Offering

November 20, 2019 9:36 PM EST

SANTA CLARA, Calif., Nov. 20, 2019 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), a market leader in MEMS timing, announced today the pricing of its initial public offering (IPO) of 4,300,000 shares of its common stock at a price to the public of $13.00 per share. The shares are expected to begin trading on The Nasdaq Global Market under the ticker symbol SITM on November 21, 2019. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $55.9 million, excluding any exercise of the underwriters over-allotment option. The offering... More