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.
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 StorySITM
Latest IPOs Videos
- US IPO Week Ahead: The largest IPO of the 4Q, its sole US tech unicorn, and flying taxis
- Chinese chemicals e-commerce platform Molecular Data files for a $70 million US IPO
- Money moves: Brazilian brokerage XP sets terms for $1.7 billion US IPO
- Chinese drone maker EHang sets terms for $43 million US IPO