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.
The article Semiconductor producer SiTime prices IPO at $13 low end originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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