03:38 AM EDT, 04/12/2024 (MT Newswires) -- UL Solutions (ULS) on Friday announced the pricing of an upsized initial public offering of 33.8 million shares of common stock at $28.00 per share.

The offering consists entirely of shares sold by UL Standards & Engagement, the nonprofit organization that is currently the sole stockholder of UL Solutions, the company said.

Shares are expected to begin trading on the New York Stock Exchange on Friday under the ticker symbol ULS and the offering is expected to close on April 16.

In addition, the underwriters will have a 30-day option to purchase up to an additional 5 million shares of common stock.

UL Solutions said it is not offering any shares of its common stock and will not receive any proceeds from the offering.