SiTime announces $350M common stock offering

SiTime (SITM) Corporation announced it has publicly filed a preliminary prospectus supplement with the SEC related to a proposed follow-on public offering of $350M of shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. UBS Investment Bank and Stifel are joint lead book-running managers for the offering. Needham & Company is also a joint book-running manager for the offering.