The shares are listed on the Nasdaq Global Market

Davis Polk advised the joint lead book-running managers and representatives of the several underwriters in connection with a follow-on offering of 2,012,500 shares of common stock of SiTime Corporation, which included 262,500 shares of common stock from the full exercise of the underwriters’ option to purchase additional shares, for total gross proceeds of approximately $402.5 million. SiTime’s common stock is listed on the Nasdaq Global Market under the symbol “SITM.”

SiTime is a leading provider of precision timing solutions to the global electronics industry. Its precision timing solutions are the heartbeat of its customers’ electronic systems, providing the timing functionality that is needed for electronics to operate reliably and correctly.

The Davis Polk corporate team included partners Alan F. Denenberg and Hillary A. Coleman and associates Dana Lueck-Mammen and Matthew Franklin. Partner Aliza Slansky and associates Benjamin Silver and Georgianna Eck provided tax advice. Partner David R. Bauer and associate Shreya R. Kundur provided intellectual property advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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