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