09:57 AM EDT, 06/25/2025 (MT Newswires) -- (Updates with latest stock move in headline and first paragraph.)

SiTime ( SITM ) shares were down 12% in early trading on Wednesday after the company commenced a follow-on public offering of $350 million in common shares.

Underwriters are expected to receive a 30-day option to buy up to an additional $52.5 million in shares, the company said Tuesday in a statement.

Price: 212.14, Change: -29.46, Percent Change: -12.19