On April 16, 2024, UL Solutions Inc., a global leader in applied safety science based in Northbrook, Illinois, completed its initial public offering of an aggregate of 38,870,000 shares of Class A Common Stock by the Selling Stockholder at a price to the public of US$28 per share, which includes the exercise in full by the underwriters of their option to purchase an additional 5,070,000 shares of Class A Common Stock from the Selling Stockholder. The Company did not receive any proceeds from the sale of the shares in the offering. The shares began trading on the New York Stock Exchange on April 12, 2024 under the ticker symbol “ULS.”

Latham & Watkins LLP represented UL Solutions in the offering with a capital markets team led by Chicago partners Cathy Birkeland, Christopher Lueking, and Alexa Berlin, with corporate governance and executive compensation attorney Mia DiBella and associates Ben Winnett, Greer Gaddie, Chelsea Carlson, and Julia Gabriel. Advice was also provided on corporate governance matters by Chicago/New York partner Brad Faris; on tax matters by Chicago partner Rene de Vera; on FINRA and regulatory matters by New York partner Gail Neely; on sanctions matters by Washington, D.C. partner Les Carnegie, with associates Elizabeth Annis and Matt Gregory; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Ryan Sanders; on environmental matters by Los Angeles/Houston partner Josh Marnitz; on data privacy and cybersecurity matters by Bay Area partner Robert Blamires, with associates Kiara Vaughn, Adriana Beach, and Bianca Lee; on benefits and compensation matters by Los Angeles partner Larry Seymour; on anti-bribery and anti-corruption matters by Washington, D.C. partner Danny Dominguez, with associate Monica Neligan; on investment funds regulatory matters by associates Jenn Tian and Giordano Silvaggi; and on ESG matters by Washington, D.C./Austin partner Sarah Fortt, with associate Austin Pierce.