Safety Firm UL Solutions Holder Seeks Up to $812 Million in IPO
- Norway’s wealth fund agrees to buy as much as $75 million
- Company owns iconic UL-in-a-circle certification mark
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UL Solutions Inc.’s initial public offering may raise as much as $812 million for its sole shareholder, as the US market for first-time share sales gathers momentum.
The safety testing and inspection company’s owner, ULSE Inc., plans to offer 28 million shares for $26 to $29 each, according to a filing Tuesday. The listing could give the company a market value of about $5.8 billion, based on the number of shares outstanding in its filings. Its fully diluted valuation could be more than $6 billion, according to data compiled by Bloomberg.