Thursday, November 7, 2019

SiTime prepares for IPO -- MEMS timing solutions

SiTime, a supplier or MEMS timing, has launched a roadshow for the initial public offering of 4,300,000 shares of its common stock. The underwriters will also have a 30-day option to purchase up to 645,000 additional shares of common stock at the IPO price, less underwriting discounts and commissions.  The IPO price is currently expected to be between $13.00 and $15.00 per share. SiTime expects to list its common stock on The Nasdaq Global Market under the ticker symbol “SITM.”

SiTime Corporation is a wholly-owned subsidiary of MegaChips Corporation. The company has shipped over 1.5 billion devices to date.

http://www.sitime.com

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