UL Solutions Inc. (Ticker: ULS US) is preparing for an initial public offering (IPO) with plans to offer 28 million shares priced between $26 and $29, which could raise around $770 million. Founded in 1894 and headquartered in Northbrook, Illinois, UL Solutions provides testing, inspection, and certification services on a global scale. The company has a customer base exceeding 80,000 across more than 110 countries. For the 12-month period ending September 30, 2023, UL Solutions reported revenues of $2.623 billion and a net income of $296 million.

The company employs approximately 14,473 individuals. UL Solutions will not receive proceeds from the IPO, as the offering is made by its parent, ULSE Inc. (UL Standards & Engagement). Goldman Sachs and J.P. Morgan are managing the IPO, which is scheduled to be listed on the NYSE on April 12, 2024.