UL Solutions (ULS) said late Wednesday it has priced its underwritten public offering of 12.5 million shares at $78 per share.
The company said the offering consists entirely of secondary shares to be sold by UL Standards & Engagement.
Underwriters have a 30-day option to purchase up to 1.9 million additional shares from the selling stockholder at the offering price, excluding underwriting discounts and commissions, the company added.
UL Solutions said it is not offering any class A shares in the transaction and will not receive proceeds from the sale.
The offering is expected to close on Friday, it added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments