SiTime $381 million follow-on offering
We advised the underwriters on the equity offering
2/22/2021

Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with a follow-on offering of 3,000,000 shares of common stock of SiTime Corporation, of which 1,500,000 shares were sold by SiTime and 1,500,000 shares were sold by the selling stockholder. SiTime’s common stock is listed on the Nasdaq Global Market under the symbol “SITM.”

Based in Santa Clara, California, SiTime is a leading provider of silicon timing systems solutions.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Sarah Kirk. Partner Mario J. Verdolini and associate Ben Levenback provided tax advice. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associates Jay Frankel and Chelsea Renter. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.