Latham & Watkins Advises UL Solutions on US$975 Million Secondary Public Offering of Class A Common Stock

"Latham & Watkins LLP advised UL Solutions Inc. (NYSE: ULS) in a US$975 million underwritten secondary public offering by selling stockholder UL Standards & Engagement of 12,500,000 Class A shares at US$78 per share. Underwriters have a 30-day option for up to 1,875,000 additional shares. UL Solutions will not receive proceeds; closing expected December 5, 2025."

Latham & Watkins LLP advised UL Solutions Inc. (NYSE: ULS) in connection with an underwritten public offering conducted by selling stockholder UL Standards & Engagement. The offering comprised 12,500,000 shares of Class A common stock at a public offering price of US$78 per share, representing approximately US$975 million. The offering consisted entirely of secondary shares to be sold by UL Standards & Engagement; UL Solutions did not offer any shares in the offering and will not receive any proceeds from the sale. The underwriters have a 30-day option to purchase up to an additional 1,875,000 shares of Class A common stock from the selling stockholder at the public offering price, less underwriting discounts and commissions. The offering is expected to close on December 5, 2025, subject to customary closing conditions. Latham & Watkins LLP represented UL Solutions Inc. with a team composed by: Chicago partners Cathy Birkeland and Christopher Lueking (corporate), with associates Ben Winnett, Chelsea Carlson, Caroline Hughes, and Andrew Johnson. Advice on tax matters was provided by Chicago partner Rene de Vera.

Latham & Watkins Advises UL Solutions on US$975 Million Secondary Public Offering of Class A Common Stock

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