UL Solutions Announces Launch of Initial Public Offering

2024-04-02
NORTHBROOK, ILLINOIS – April 2, 2024 — UL Solutions Inc. (“UL Solutions”) today announced the launch of its initial public offering (the “IPO”) of 28,000,000 shares of its Class A common stock and the commencement of the roadshow for the IPO. The IPO price is expected to be between $26.00 and $29.00 per share. The offering consists entirely of secondary shares to be sold by UL Standards & Engagement, a nonprofit organization that is currently the sole stockholder of UL Solutions. The underwriters will have a 30-day option to purchase up to an additional 4,200,000 shares of Class A common stock from UL Standards & Engagement. UL Solutions is not offering any shares of its Class A common stock in the proposed offering and will not receive any proceeds from the proposed sale of the shares. UL Solutions has been approved to list its Class A common stock on the New York Stock Exchange under the ticker symbol “ULS.”
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