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SiTime Corporation has priced its public offering of 1.75 million shares at $200 each, aiming to raise approximately $350 million in gross proceeds. The offering is scheduled to close on June 27, 2025, subject to customary conditions. UBS Investment Bank and Stifel are leading the offering, with an option for underwriters to purchase an additional 262,500 shares.
The offering follows SiTime’s efforts to strengthen its financial position and support growth in its semiconductor MEMS programmable solutions. However, the high share price raises concerns about valuation risks and potential liquidity issues.
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