Safety Firm UL Solutions’ Upsized IPO Raises $946 Million (1)

UL Solutions Inc.’s initial public offering raised $946 million as the safety testing and inspection company expanded the size of the offering and priced the shares within a marketed range.

UL Standards & Engagement, a nonprofit that was the company’s sole stockholder, sold 33.8 million shares for $28 each, according a statement. At the IPO price, UL Solutions has a market value of about $5.8 billion, based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.

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