On June 16, 2020, SiTime Corporation, a market leader in MEMS timing, announced the completion of its follow-on public offering of 4,025,000 shares of its common stock at a price to the public of $32 per share. MegaChips Corporation sold 2,500,000 shares of common stock, and SiTime issued and sold 1,525,000 shares of common stock in the offering.
The Wilson Sonsini Goodrich & Rosati team that represented MegaChips in the transaction includes Larry Sonsini, Doug Schnell, and Erika Muhl.
For more information, please see SiTime's press release.