04:44 PM EDT, 09/03/2024 (MT Newswires) -- UL Solutions ( ULS ) said Tuesday it has started an underwritten public offering of 20 million class A shares.

The offering comprises shares to be sold by selling shareholder UL Standards & Engagement, UL Solutions ( ULS ) said.

The underwriters will have a 30-day option to buy up to an additional 3 million class A shares from the selling shareholder, the company said.

UL Solutions ( ULS ) said it won't get any proceeds from the sale of the shares.

UL Solutions ( ULS ) shares fell nearly 5% in after-hours trading.

Price: 51.50, Change: -2.60, Percent Change: -4.81