IPOs

Semiconductor producer SiTime prices IPO at $13 low end

SiTime, the fabless producer of silicon timing systems being spun out of MegaChips, raised $56 million by offering 4.3 million shares at $13, the low end of the range of $13 to $15, to command a market value of $186 million. SiTime plans to list on the Nasdaq under the symbol SITM. Barclays and Stifel acted as lead managers on the deal.

Semiconductor producer SiTime prices IPO at $13 low end

Investment Disclosure: Renaissance IPO ETF (symbol: IPO) Renaissance International ETF (symbol: IPOS)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SITM

Latest IPOs Videos

#TradeTalks: What it’s Like to List on the Nasdaq Stock Market

Jill Malandrino is joined by Jay Heller, VP of the Head of Capital Markets at Nasdaq. Jay gives you an inside look at what it's like to list on the Nasdaq Stock Market!

4 days ago