HMI - SiTime Files Initial Registration Statement For U.S. IPO

October, 24 2019 01:13 PM Huami Corporation American Depositary Shares each representing four Class A

Quick Take

SiTime (SITM) has filed to raise gross proceeds of $100 million from a U.S. IPO, according to an S-1 registration statement.

The firm operates as an analog semiconductor company providing micro-electromechanical systems [MEMS]-based silicon timing solutions.

SITM is producing contracting revenue and uneven financial results across major metrics, which is a negative for a firm seeking to go public.

I’ll provide a final opinion when we learn more IPO details.

Santa Clara, California-based SiTime was founded in 2003 as part of MegaChips Corporation (TYO:6875) and is focused

Company Name:	Huami Corporation American Depositary Shares each representing four Class A
Stock Symbol:	HMI
Market:	NYSE