UL Solutions Announces Pricing of Secondary Public Offering of Class A Common Stock

UL Solutions Inc. (NYSE:ULS) (“UL Solutions”) today announced the pricing of its underwritten public offering (the “Offering”) of 20,000,000 shares of its Class A common stock at a public offering price of $49.00 per share. The Offering will consist entirely of secondary shares being sold by UL Standards & Engagement (the “Selling Shareholder”). The underwriters have a 30-day option to purchase up to an additional 3,000,000 shares of Class A common stock from the Selling Shareholder at the public offering price, less underwriting discounts and commissions. 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. The Offering is expected to close on September 9, 2024, subject to customary closing conditions.

Goldman Sachs & Co. LLC and JP Morgan (in alphabetical order) are acting as lead managing bookrunners, with BofA Securities acting as managing bookrunner. Citigroup, UBS Investment Bank and Jefferies are acting as additional bookrunners for the proposed offering. Baird, Houlihan Lokey, PNC Capital Markets LLC, Raymond James, Stifel, Wells Fargo Securities, William Blair, AmeriVet Securities, Bancroft Capital, Cabrera Capital Markets LLC, Loop Capital Markets and R. Seelaus & Co., LLC are acting as co-managers for the proposed offering.