UL Solutions (ULS) said Tuesday its selling stockholder, UL Standards & Engagement, has launched a secondary public offering of 12.5 million Class A shares.
The underwriters have a 30-day option to buy up to an additional 1.9 million shares. UL Solutions is not selling any shares in the offering and will not receive proceeds.
Shares of the company were down 2.14% in after-hours trading.
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