RTTNews | Nov 10, 2021 11:15AM EST

11:14 Wednesday, November 10, 2021 (RTTNews.com) - Shares of silicon MEMS timings provider SiTime Corp. (SITM) are down 3 percent on Wednesday's trading after the company announced the pricing of its follow-on public offering of 2 million shares of its stock at $225.00 per share.

The follow-on public offering includes 1 million shares to be sold by MegaChips Corp. and 1 million shares to be issued and sold by SiTime. The gross proceeds of the offering for SiTime are projected around $225.0 million.

Currently at $238.90, the stock has traded between $75.81 and $301.52 during the past 52 weeks.

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