SITIME Corp

SITIME Corp (SITM) priced its initial public offering on Nov 21, 2019 at $13.00 per share, within its $13.00–$15.00 range, raising $55.9M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $185.9M.

SiTime Corp provides silicon timing system solutions for electronic systems. It earns almost all revenue from oscillator systems and also offers resonators and clock ICs, in a global timing market that it says is served mostly by decades-old technology.

Status

IPO

Ticker

SITM

Exchange

Nasdaq Global Market

Priced

Nov 21, 2019

IPO price

$13.00

Price range

$13.00–$15.00

Raised

$55.9M

Market cap at IPO price

$185.9M

First filed

Oct 23, 2019

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.