UL Solutions launches IPO, plans to sell 28 million shares for $812M, with market value at $5.8B after listing.
UL Solutions, a safety testing and inspection firm, announced the launch of its initial public offering (IPO), with plans to sell 28 million shares of its Class A common stock between $26 and $29 each. The IPO could raise up to $812 million for its sole shareholder, UL Standards & Engagement, a nonprofit organization. The listing is expected to give UL Solutions a market value of around $5.8 billion.
April 02, 2024
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