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

UL Solutions Inc. (NYSE: ULS) has announced the pricing of its underwritten public offering of 12,500,000 shares of its Class A common stock at a public offering price of US$78 per share. The offering consists entirely of secondary shares to be sold by UL Standards & Engagement. 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. UL Solutions is not offering any shares of its Class A common stock in the offering and will not receive any proceeds from the sale of the shares. The offering is expected to close on December 5, 2025, subject to customary closing conditions.

Latham & Watkins LLP represented UL Solutions in the transaction with a corporate team led by Chicago partners Cathy Birkeland and Christopher Lueking, with associates Ben Winnett, Chelsea Carlson, Caroline Hughes, and Andrew Johnson. Advice was also provided on tax matters by Chicago partner Rene de Vera.