SiTime Corporation Files Registration Statement for Proposed Initial Public Offering
October 23 2019 - 7:00PM
Business Wire
SiTime Corporation, a market leader in MEMS timing, today
announced that it has publicly filed a registration statement on
Form S-1 with the U.S. Securities and Exchange Commission relating
to a proposed initial public offering of its common stock.
The number of shares to be offered and the price range for the
offering have not been determined. SiTime has applied to list its
common stock on The Nasdaq Global Select Market under the ticker
symbol “SITM.”
Barclays and Stifel are acting as book-running managers for the
proposed offering. Needham & Company, Raymond James, and Roth
Capital Partners are acting as co-managers for the proposed
offering.
This offering will be made only by means of a prospectus. A copy
of the preliminary prospectus, when available, may be obtained from
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or by telephone at (888)
603-5847 or by email at Barclaysprospectus@broadridge.com; or from
Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus
Department, One Montgomery Street, Suite 3700, San Francisco,
California 94104, or by telephone at (415) 364-2720 or by email at
syndprospectus@stifel.com.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission but has not
yet become effective. These securities may not be sold, nor may
offers to buy be accepted, prior to the time the registration
statement becomes effective. This press release shall not
constitute an offer to sell or the 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. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act of 1933, as amended.
About SiTime
SiTime Corporation, a market leader in MEMS timing and a wholly
owned subsidiary of MegaChips Corporation (Tokyo Stock Exchange:
6875), offers MEMS-based silicon timing system solutions. SiTime’s
configurable solutions offer a rich feature set that enables
customers to differentiate their products with high performance,
small size, low power, and high reliability. With over 1.5 billion
devices shipped, SiTime is changing the timing industry.
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SiTime Corporation Piyush Sevalia Executive Vice President,
Marketing psevalia@sitime.com