SiTime prices 1.75M share offering at $200.00

SiTime (SITM) announced the pricing of its follow-on public offering of 1.75M shares of its common stock at a price to the public of $200.00 per share. The gross proceeds of the offering to SiTime are expected to be $350M. The offering is expected to close on June 27. UBS and Stifel are joint lead book-running managers for the offering. Needham and Goldman Sachs are joint book-running managers for the offering. Raymond James and Roth Capital Partners are co-managers for the offering. SiTime shares in premarket trading are up 26c to $204.01. The stock closed Wednesday down 16% to $203.75.