Security testing company UL Solutions jumps 23% in its debut on the New York Stock Exchange – 04/12/2024 at 7:45 p.m.


((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

April 12 – ** Shares of security testing company UL Solutions ULS.N jumped 22.9% as they debuted on the New York Stock Exchange on Friday

** Illinois-based ULS opened at $34/shr up from $28/shr in the IPO and traded as high as $34.40/shr

** Parent company UL Standards & Engagement raised $946.40 million by selling 33.80 million shares at $28/shr, which is at the high end of its price range

**ULS tests industrial and consumer products for safety

**At the current level of $33.50/shr, UL Solutions has a market value of $6.70 billion

**ULS competes with European giants Intertek ITRK.L, Bureau Veritas BVI.PA, SGS SGSN.S and Eurofins EUFI.PA.



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