UL Solutions Inc. Plans Mega IPO of $812 Million
By
Hans Richter
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
UL Solutions Inc. is gearing up for its initial public offering, eyeing a potential raise of $812 million. The safety testing and inspection company's owner, ULSE Inc., is looking to offer 28 million shares at a price range of $26 to $29 each. This move comes as the US market for first-time share sales gains momentum. With a projected market value of about $5.8 billion based on the number of shares outstanding, the listing could be a significant development in the financial landscape. According to data from Bloomberg, the company's fully-diluted valuation may exceed $6 billion. The potential IPO is poised to have a substantial impact, highlighting the company's growth and market trajectory.