UL Solutions Announces Full Exercise of Underwriters’ Option to Purchase Additional Secondary Shares
UL Solutions Inc. (NYSE:ULS) announced the full exercise of the underwriters' option to purchase an additional 3,000,000 shares of Class A common stock from the selling stockholder, UL Standards & Engagement. This is in connection with the previously announced secondary public offering of 20,000,000 shares. The additional shares were sold at $49.00 per share, less underwriting discounts and commissions.
The sale of these additional shares has closed. UL Solutions did not offer any shares or receive any proceeds from the sale. Goldman Sachs & Co. and J.P. Morgan acted as lead managing bookrunners, with several other firms participating in various roles. The offering was made only by means of a prospectus, available through the lead bookrunners.
UL Solutions Inc. (NYSE:ULS) ha annunciato l'esercizio completo dell'opzione da parte dei sottoscrittori di acquistare ulteriori 3.000.000 azioni di classe A di azioni comuni dal venditore, UL Standards & Engagement. Questo è in relazione all'emissione pubblica secondaria precedentemente annunciata di 20.000.000 azioni. Le azioni aggiuntive sono state vendute a $49,00 per azione, meno gli sconti e le commissioni di sottoscrizione.
La vendita di queste azioni aggiuntive si è conclusa. UL Solutions non ha offerto alcuna azione né ricevuto proventi dalla vendita. Goldman Sachs & Co. e J.P. Morgan hanno agito come lead managing bookrunners, con la partecipazione di diverse altre aziende in vari ruoli. L'offerta è stata effettuata esclusivamente tramite un prospetto, disponibile tramite i bookrunners principali.
UL Solutions Inc. (NYSE:ULS) anunció el ejercicio completo de la opción de los suscriptores para comprar 3,000,000 acciones adicionales de acciones comunes Clase A del accionista vendedor, UL Standards & Engagement. Esto está relacionado con la oferta pública secundaria previamente anunciada de 20,000,000 acciones. Las acciones adicionales se vendieron a $49.00 por acción, menos descuentos y comisiones por suscripción.
La venta de estas acciones adicionales se ha cerrado. UL Solutions no ofreció acciones ni recibió ingresos de la venta. Goldman Sachs & Co. y J.P. Morgan actuaron como corredores principales, con varias otras firmas participando en distintos roles. La oferta se realizó únicamente a través de un prospecto, disponible a través de los corredores principales.
UL Solutions Inc. (NYSE:ULS)는 판매 주주인 UL Standards & Engagement로부터 클래스 A 보통주 3,000,000주 추가 구매 옵션을 완전히 행사했다고 발표했습니다. 이는 이전에 발표된 20,000,000주의 2차 공모와 관련이 있습니다. 추가 주식은 주당 $49.00에 판매되었으며, 인수 수수료와 커미션을 제외한 금액입니다.
이 추가 주식 판매는 완료되었습니다. UL Solutions는 주식을 제공하거나 판매로부터 수익을 받지 않았습니다. 골드만삭스 & Co.와 J.P. 모건이 주관 인수 단체로 활동하며, 여러 다른 회사가 다양한 역할로 참여했습니다. 이 공모는 주관 인수 단체를 통해 제공되는 청약서에 의해서만 이루어졌습니다.
UL Solutions Inc. (NYSE:ULS) a annoncé l'exercice complet de l'option des souscripteurs d'acheter 3.000.000 actions supplémentaires de catégorie A d'actions ordinaires auprès de l'actionnaire vendeur, UL Standards & Engagement. Cela fait suite à l'offre publique secondaire précédemment annoncée de 20.000.000 actions. Les actions supplémentaires ont été vendues à 49,00 $ par action, moins les remises et commissions de souscription.
La vente de ces actions supplémentaires est désormais clôturée. UL Solutions n'a pas offert d'actions et n'a reçu aucun produit de la vente. Goldman Sachs & Co. et J.P. Morgan ont agi en tant que principaux responsables de l'émission, avec la participation de plusieurs autres entreprises dans différents rôles. L'offre a été faite uniquement par le biais d'un prospectus, disponible auprès des responsables de l'émission principaux.
UL Solutions Inc. (NYSE:ULS) gab die vollständige Ausübung der Option für die Underwriter bekannt, zusätzlich 3.000.000 Aktien der Klasse A vom verkaufenden Aktionär, UL Standards & Engagement, zu kaufen. Dies steht im Zusammenhang mit dem zuvor angekündigten öffentlichen Sekundärangebot von 20.000.000 Aktien. Die zusätzlichen Aktien wurden zu 49,00 $ pro Aktie verkauft, abzüglich der Unterzeichnungspreise und Provisionen.
Der Verkauf dieser zusätzlichen Aktien ist abgeschlossen. UL Solutions hat keine Aktien angeboten oder Erlöse aus dem Verkauf erhalten. Goldman Sachs & Co. und J.P. Morgan fungierten als Hauptbuchführer, wobei mehrere andere Firmen in verschiedenen Rollen teilnahmen. Das Angebot erfolgte ausschließlich durch einen Prospekt, der über die Hauptbuchführer erhältlich ist.
- Full exercise of underwriters' option to purchase additional 3,000,000 shares
- Successful closure of the additional share sale
- Strong demand for UL Solutions' shares indicated by full option exercise
- UL Solutions did not receive any proceeds from the sale
- Potential dilution of existing shareholders' ownership
Insights
The full exercise of the underwriters' option to purchase additional shares is a positive development for UL Solutions. This overallotment option, often called a "greenshoe," indicates strong demand for the company's stock. The sale of an additional
While UL Solutions doesn't directly benefit financially from this secondary offering, the strong demand signals investor confidence in the company's prospects. This could potentially lead to increased liquidity and trading volume for ULS stock. The involvement of major underwriters like Goldman Sachs and J.P. Morgan further adds credibility to the offering.
However, investors should note that this large sale by the major shareholder could lead to some short-term price pressure due to the increased supply of shares in the market. Long-term, the broader shareholder base may contribute to reduced stock volatility and potentially improved corporate governance.
Goldman Sachs & Co. LLC and J.P. Morgan (in alphabetical order) acted as lead managing bookrunners with BofA Securities acting as a managing bookrunner. Citigroup, UBS Investment Bank and Jefferies acted as additional bookrunners for the offering. Baird, Houlihan Lokey, PNC Capital Markets LLC, Raymond James, Stifel, Wells Fargo Securities, William Blair, AmeriVet Securities, Bancroft Capital, Cabrera Capital Markets LLC, Loop Capital Markets and R. Seelaus & Co., LLC acted as co-managers for the offering.
The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street,
A registration statement on Form S-1 relating to the offering of these securities was declared effective by the
About UL Solutions
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
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Media:
Kathy Fieweger
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Kathy.Fieweger@ul.com
312-852-5156
Investors:
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IR@ul.com
Source: UL Solutions Inc.
FAQ
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