SiTime Corporation Announces Completion of Follow-on Public Offering
Rhea-AI Summary
SiTime Corporation (Nasdaq: SITM) has successfully completed its follow-on public offering of 2,012,500 shares of common stock at $200.00 per share. The offering included the full exercise of the underwriters' option to purchase additional shares. After deducting underwriting discounts, commissions, and estimated offering expenses, SiTime raised net proceeds of approximately $387.4 million.
The offering was managed by multiple investment banks, with UBS Investment Bank and Stifel serving as joint lead book-running managers. Needham & Company and Goldman Sachs & Co. LLC acted as joint book-running managers, while Raymond James and Roth Capital Partners served as co-managers.
Positive
- Raised substantial capital of $387.4 million in net proceeds
- Strong market interest demonstrated by full exercise of underwriters' option
- Strengthened balance sheet for potential growth initiatives
Negative
- Potential dilution of existing shareholders' equity due to issuance of 2,012,500 new shares
News Market Reaction 1 Alert
On the day this news was published, SITM gained 0.07%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SANTA CLARA, Calif., June 27, 2025 (GLOBE NEWSWIRE) -- SiTime Corporation (Nasdaq: SITM), the Precision Timing company, today announced the completion of its follow-on public offering of 2,012,500 shares of its common stock, including the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of
UBS Investment Bank and Stifel were joint lead book-running managers for the offering. Needham & Company and Goldman Sachs & Co. LLC were joint book-running managers for the offering. Raymond James and Roth Capital Partners were co-managers for the offering.
A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission on February 26, 2024, and became effective upon filing. The offering was made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus may be obtained from: UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, by telephone at (888) 827-7275 or by email at ol-prospectus-request@ubs.com or Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, or by telephone at (415) 364-2720 or by email at syndprospectus@stifel.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About SiTime
SiTime Corporation is the Precision Timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With more than 3.5 billion devices shipped, SiTime is changing the timing industry.
Investor Relations Contacts:
Shelton Group
Leanne Sievers | Brett Perry
sitm-ir@sheltongroup.com
SiTime Corporation
Beth Howe
Chief Financial Officer
investor.relations@sitime.com
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