IPO - SITIME Corp

Form Type: 424B5

Filing Date: 2025-06-24

Corporate Action: Ipo

Type: New

Accession Number: 000119312525145718

Filing Summary: SiTime Corp is offering $350,000,000 of shares of common stock, listed on The Nasdaq Global Market under the symbol 'SITM'. Assuming a public offering price of $232.34 per share on June 23, 2025, the company would issue approximately 1,506,413 shares in this offering. The underwriters have been granted an option for 30 days to purchase up to an additional $52,500,000 of shares. The offering is part of a shelf registration statement under Form S-3 that became effective on February 26, 2024. Proceeds from the offering will go toward general corporate purposes, including working capital, sales and marketing, product development, and potentially acquiring complementary businesses or technologies. The company has experienced significant growth over the past quarters with year-over-year revenue growth exceeding 50%.