UL Solutions Inc.

UL Solutions Inc. (ULS) priced its initial public offering on Apr 15, 2024 at $28.00 per share, raising $946.4M, and listed on NYSE. At the IPO price its market capitalization was about $5.6B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, BofA Securities and Citigroup and others. Latham & Watkins and Skadden, Arps advised the company and Weil, Gotshal & Manges advised the underwriters.

UL Solutions Inc. is a global safety science company providing independent testing, inspection and certification services, plus software and advisory offerings, to customers worldwide. Its history dates to 1894, and it is the largest TIC provider headquartered in North America by revenue.

Status

IPO

Ticker

ULS

Exchange

NYSE

Priced

Apr 15, 2024

IPO price

$28.00

Raised

$946.4M

Market cap at IPO price

$5.6B

First filed

Nov 13, 2023

Underwriters

Goldman Sachs, J.P. Morgan, BofA Securities, Citigroup, Jefferies, UBS, Baird, Raymond James, Stifel, Wells Fargo and William Blair

Company counsel

Latham & Watkins and Skadden, Arps

Underwriters' counsel

Weil, Gotshal & Manges

Sector

Business services

Country / state

IL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.