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Stock impact report

UL Solutions Announces Full Exercise of Underwriters’ Option to Purchase Additional Secondary Shares

UL Solutions Inc. Class A (ULS) 
Company Research Source: Business Wire
NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE:ULS) (“UL Solutions”) today announced, in connection with its previously announced secondary public offering of 20,000,000 shares of its Class A common stock sold by UL Standards & Engagement (the “selling stockholder”), the full exercise by the underwriters of their option to purchase 3,000,000 additional shares of Class A common stock from the selling stockholder at the public offering price of $49.00 per share, less underwriting discounts and commissions. UL Solutions did not offer any shares of its Class A common stock in the offering and did not receive any proceeds from the sale of the additional shares. The sale of these additional shares closed today.Goldman Sachs & Co. LLC and J.P. Morgan (in alphabetical order) acted as lead managing bookrunners with BofA Securities acting as a managing bookrunner. Citigroup, UBS Investment Bank and Jefferies acted as additional bookrunners for the offering. Baird, Houlihan Lokey Show less Read more
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